Which of the following statements about IFRS is true?
A)IFRS is an international set of accounting policies.
B)All entities in Canada prepare their financial statements in accordance with IFRS.
C)Statements prepared according to IFRS are not easily compared.
D)The flexibility of IFRS requires users to apply critical thinking when using financial statements.

Question

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The Answer of Which of the following statements about IFRS is true?
A)IFRS is an international set of accounting policies.
B)All entities in Canada prepare their financial statements in accordance with IFRS.
C)Statements prepared according to IFRS are not easily compared.
D)The flexibility of IFRS requires users to apply critical thinking when using financial statements.

Which of the Following Statements About IFRS Is True