Which of the following statements is true?
A) Over 149 jurisdictions require or permit use of International Financial Reporting Standards (IFRS).
B) Canada is the most significant holdout from use of International Financial Reporting Standards (IFRS).
C) Nearly 50% of investors in the United States own foreign securities, either directly or through funds.
D) To facilitate efficient capital allocation, investors need relevant information stated in a common currency.

Question

Quizplus · Accepted Answer

Over 149 jurisdictions require or permit the use of IFRS, making it a widely adopted accounting standard globally.

Which of the Following Statements Is True