The US Chamber of Commerce Supports a Change from to IFRS

question 79

True/False

The U.S. Chamber of Commerce supports a change from to IFRS to GAAP, saying it will help the United States compete in the world economy.

---

Definitions:

Ethnic Background

The cultural heritage and traditions passed down within a group, often shared through language, cuisine, and social customs.

Healthcare Coverage

Financial insurance designed to cover or offset the costs of medical care, including treatments, medications, and hospital visits.

Drinking Water

Essential for life, it's water that is safe for consumption, playing a critical role in maintaining bodily functions and hydration.

Cleanliness

The practice of being clean and free from dirt, germs, and pollutants, which is essential for preventing disease and promoting health.