Conversion to IFRS Reporting by All U

question 12

Multiple Choice

Conversion to IFRS reporting by all U.S.companies would be best accomplished with a transition plan for all of the following reasons except

• A)it would have to be a multi-year process
• B)it needs to be an orderly process with a minimum of cost and disruption to the participants
• C)certain IFRS need further improvement through continued convergence efforts
• D)careful planning would enable maximum manipulation of the IFRS for the financial benefit of the United States.

---

Definitions:

Qualified Applicants

Qualified applicants are individuals who meet the necessary educational, work experience, and skill requirements for a particular job position.