In 2007 the U.S.SEC adopted new rules that permit _____ that list and trade their securities in the United States to apply IFRS in their financial reports filed with the SEC without any reconciliation to U.S.GAAP.
A)U.S.SEC registrants
B)non-U.S.SEC registrants
C)EU SEC registrants
D)Chinese SEC registrants
E)all of the above

Question

Quizplus · Accepted Answer

The new rules adopted by the U.S.SEC in 2007 permit non-U.S. SEC registrants that list and trade their securities in the United States to apply IFRS in their financial reports filed with the SEC without any reconciliation to U.S. GAAP. Therefore, Choice B is the correct option.