The Standards Relating to Consolidation Differ Under ASPE and IFRS

question 63

Multiple Choice

The standards relating to consolidation differ under ASPE and IFRS. Which of the following statements best describes the difference?

• A) IFRS requires consolidation whereas ASPE offers a choice of methods.
• B) ASPE requires consolidation whereas IFRS offers a choice of methods.
• C) Consolidation is specifically excluded as one of the choices under ASPE.
• D) Consolidation is specifically excluded as one of the choices under IFRS.

---

Definitions:

Bang Objects

Striking items forcefully against another surface to create a loud noise or to fixate them in place.

Busy Box

A variety of engaging activities or sensory toys assembled in a box, used to keep young children or patients with dementia busy and stimulated.

Electronic Games

Games that are played using electronic devices with visual and auditory feedback.

Alphabet Letters

The basic written symbols in a system of communication that represent sounds or phonemes.