The International Financial Reporting Standards Apply to Canadian Public Companies

question 20

Multiple Choice

The International Financial Reporting Standards apply to Canadian public companies.How does that affect comparability of financial statements across countries?

• A) It achieves greater comparability in the short term only.
• B) It achieves greater comparability in the long term.
• C) IFRS is not intended to improve comparability.
• D) IFRS coordinates only a few changes in financial reporting standards.

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