In November 2007, Which of the Following Organizations Removed the Requirement

question 35

Multiple Choice

In November 2007, which of the following organizations removed the requirement that foreign private issuers using IFRS reconcile their financial statements to U.S. GAAP?

• A) IASB
• B) EU
• C) SEC
• D) FASB

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Definitions:

Periods of Change

Times during which an organization or individual undergoes significant transitions or transformations, requiring adaptation.

Henry Ford

An American industrialist and founder of the Ford Motor Company who is credited with popularizing the assembly line technique of mass production.

Vision

The ability to think about or plan the future with imagination or wisdom, often related to the goals or direction of an organization or individual.

Moving Assembly Line

A production process that breaks down a complex job into a series of smaller tasks, which are completed by a sequence of workers or machines moving the product along a line.