ASPE and IFRS differ in the date used to determine the occurrence of events; IFRS uses the authorization date whereas ASPE uses the completion date.

• A. IFRS uses authorization date; ASPE uses completion date.
• B. IFRS uses completion date; ASPE uses authorization date.
• C. IFRS uses end of year; ASPE uses the authorization date.
• D. IFRS uses the auditor's opinion date; ASPE uses the year end.

Answer: (A)