Glossary
Accounting Standards for Private Enterprises (ASPE)
ASPE is the Canadian set of accounting standards designed for private companies as a simpler alternative to IFRS. Most private Canadian businesses report under ASPE unless a lender, investor or owner specifically requires IFRS, and the choice affects how goodwill impairment, fair value measurements and other financial-reporting figures are calculated and disclosed. Our valuation for financial reporting guide shows where ASPE and IFRS diverge on fair-value work.
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