What Approach Did Canada First Decide to Take with Respect

question 9

Multiple Choice

What approach did Canada first decide to take with respect to convergence with IFRS?

• A) Harmonization of CPA Canada Handbook with IFRS.
• B) Substituting IFRS for Canadian GAAP when approved by the IASB.
• C) Adopting some but not necessarily all IFRSs by reviewing them on a case by case basis.
• D) Reviewing them with all publically accountable entities to see which ones would be acceptable.

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