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Consistency of accounting by all reporting entities

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Reference no: EM133234224

1-The CPA Canada Handbook has one part to ensure the consistency of accounting by all reporting entities.

True or False

2-Professional judgment is the ability to make decisions for issues encountered by professionals in carrying out their day-to-day responsibilities. It is a skill developed over many years of studying and learning from one's experiences. It is not learned by memorization of requirements or answers to certain problems.

True or False

3-Non-government NFPOs can report under either Part I (IFRS) or Part II of the CPA Canada Handbook, combined with relevant sections from Part IV of the Handbook.

True or False

4-Canadian companies can choose to mix and match IFRSs and Canadian ASPE.

True or False

Reference no: EM133234224

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