The SEC Has Several Reporting Choices

question 16

Essay

The SEC has several reporting choices.It can require that U.S.companies use U.S.GAAP in their financial statement filings.Alternatively, the SEC can require or allow U.S.companies to use IFRS in their financial statement filings.Many issues and complexities surround the use of IFRS.
Required:
Identify and discuss five of the issues to be considered by the SEC in deliberating this proposal.

---

Definitions:

Research Methods

Systematic techniques used for investigating phenomena, acquiring new knowledge, or correcting and integrating previous information.

Establish Hypothesis

The process of formulating a testable statement or prediction that can be investigated through research and experimentation.

Land-Use Transport Interaction

The relationship and mutual influence between the spatial organization of a region and its transportation systems.

Australasian Transport Research Forum

An organization or event focused on sharing and discussing research related to transportation within the Australasian region.