• 2022-06-08
    Which of the following is a true statement about International Financial Reporting Standards?
    A: They are not needed for U.S. businesses since the United States already has the strongest accounting standards in the world.
    B: They are more exact (contain more rules) than U.S. generally accepted accounting principles.
    C: They are converging gradually with U.S. standards.
    D: They are not being applied anywhere in the world yet, but soon they will be.