The SEC has moved to adopt IFRS for which types of companies?
A)All U.S.companies
B)Only foreign companies operating in the US
C)All U.S.publicly traded companies
D)All U.S.private companies

Question

Quizplus · Accepted Answer

The SEC has not yet adopted IFRS for all U.S. companies. As of now, only publicly traded companies in the U.S. are required to use IFRS if they also use it as their primary reporting standard in their home country. Private companies in the U.S. are not required to use IFRS.

The SEC Has Moved to Adopt IFRS for Which Types