Which of these DOES ASPE require in a statement set?
Which of these DOES ASPE require in a statement set?
Answer
Comparative figures for the prior year
Options - A. Comparative figures for the prior year - B. Earnings per share - C. Other comprehensive income - D. A third balance sheet on restatement Why - A. Correct — comparative figures are required; the other three are IFRS requirements that ASPE omits. - B. EPS is not required under ASPE. - C. ASPE has no OCI, and so no statement of comprehensive income. - D. No third balance sheet is required on a restatement.
Lyryx Intermediate FA Vol 1 §3.3.1, §3.5 (ASPE column); verified-facts.md V15 (ASPE s.1400, s.1520, s.3251 via BDO ASPE at a Glance)