In which of the following countries is the use of the international financial reporting standards (IFRS)not mandatory?
A)South Africa
B)Turkey
C)Germany
D)France
E)United States of America

Question

Quizplus · Accepted Answer

The United States of America does not mandate the use of International Financial Reporting Standards (IFRS) for domestic companies. Instead, U.S. companies use Generally Accepted Accounting Principles (GAAP) set by the Financial Accounting Standards Board (FASB).

In Which of the Following Countries Is the Use of the International