Which of the following statements about the adoption of IFRS is true?
A)Many European countries adopted IFRS prior to 2011.
B)Canada adopted IFRS in 2012.
C)All European and North American countries adopted IFRS in 2011.
D)All European, Asian, and African countries adopted IFRS in 2011.

Question

Quizplus · Accepted Answer

Many European countries, such as France and Germany, adopted IFRS prior to 2011. Canada adopted IFRS in 2011, not 2012. Not all countries in Europe and North America adopted IFRS in 2011, and IFRS adoption is not universal in Asia and Africa either.

Which of the Following Statements About the Adoption of IFRS