Which of the Following Is True About IFRS

question 21

Multiple Choice

Which of the following is true about IFRS?

• A)There is a global trend towards using IFRS for reporting purposes,though U.S.companies are not currently required to do so.
• B)The switch to IFRS is required by the Sarbanes-Oxley Act.
• C)IFRS is only slightly different than U.S.GAAP.
• D)The switch to IFRS is cosmetic only-there isn't any real impact on AIS.

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Numerical measures of a person's intellectual abilities based on standardized tests.

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A positive evaluation of oneself, reflecting a person's belief in their own worth and abilities.

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