What Was the 2002 Finding by the Six Largest Public

question 40

Multiple Choice

What was the 2002 finding by the six largest public accounting firms regarding International Financial Reporting Standards?

• A)Of the countries surveyed,almost all planned to make their GAAP converge with IFRS.
• B)Very few of the countries studied planned to move their national accounting standards toward convergence with IFRS.
• C)There were almost as many convergence strategies as there were countries in the study.
• D)The countries that planned to make their GAAP converge with IFRS were predominantly western European nations.

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Definitions:

SQ3R Reading System

A reading comprehension technique including five steps: Survey, Question, Read, Recite, and Review, designed to improve understanding and retention of written information.

Retain

To keep in one's memory or possession; holding onto information or items.

Organized

Refers to the state of being efficiently arranged or structured, often enhancing productivity and clarity.

SQ3R Reading System

A reading comprehension method named for its five steps: Survey, Question, Read, Recite, and Review, designed to improve understanding and retention of material.