The Statement That Is Correct Concerning the Convergence of IASB

question 9

Multiple Choice

The statement that is correct concerning the convergence of IASB and US accounting standards is:

• A)The Securities and Exchange Commission released a 'Roadmap' for the potential use of International Financial Reporting Standards by US companies by 2014
• B)The Securities and Exchange Commission has agreed to adopt international accounting standards in 2014
• C)The Securities and Exchange Commission has agreed to adopt international accounting standards by 2014
• D)None of the statements are correct

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