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

Question

Quizplus · Accepted Answer

The SEC is considering the move to adopt IFRS for all U.S. publicly traded companies. This is because publicly traded companies are required to file financial statements with the SEC, and harmonizing accounting standards with IFRS would make it easier for investors to compare and analyze financial information across companies and countries.

The SEC Is Considering the Move to Adopt IFRS for Which