In deciding whether the U.S. should adopt IFRS, the issue the SEC said should be considered is
A)whether IFRS is sufficiently developed and consistent in application.
B)whether the IFRS is established for the benefit of investors.
C)the impact of a switch to IFRS on U.S.laws and regulations.
D)all of these answers are correct.

Question

Quizplus · Accepted Answer

The SEC has stated that in deciding whether the U.S. should adopt IFRS, all of the issues mentioned in choices A, B, and C should be considered. It is important to evaluate whether IFRS is sufficiently developed and consistent in application, whether it is established for the benefit of investors, and also the impact of switching to IFRS on U.S. laws and regulations.

In Deciding Whether the U