The main objective of IFRS and ASPE isO to produce financial reporting that is useful for financial statement users.O to protect shareholder investment.Oto provide specific guidelines for publicly traded companies.to ensure compliance with the income tax act.

Producing financial reporting that is helpful for users of financial statements is the major goal of…

Answered: The main objective of IFRS and ASPEI to…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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s
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The main objective of IFRS and ASPEI to produce financial reporting that is useful for financial statement users. Oto protect shareholder investment. O to provide specific guidelines for publicly traded companies. O to ensure compliance with the income tax act.