Which of the Following Is Not a Concern Expressed by the SEC

question 113

Multiple Choice

Which of the following is not a concern expressed by the SEC regarding IFRS adoption by the U.S.?

• A) Need for the U.S. to have strong influence on the standard-setting process and ensure that standards meet U.S. needs.
• B) The language barriers associated with cooperation among many countries in developing IFRS.
• C) The high costs to companies of converting to IFRS.
• D) The fact that many laws, regulations and private contracts reference U.S. GAAP.

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Definitions:

Thrusting

A forceful, pushing or driving action often referring to physical movements in various contexts.

Limbic System

A complex system of nerves and networks in the brain, involving several areas near the edge of the cortex concerned with instinct and mood. It controls the basic emotions and drives.

Hippocampus

A region of the brain crucial for learning and memory formation, located within the medial temporal lobe.

Cingulate Gyrus

A part of the brain situated in the medial aspect of the cerebral cortex, involved in processing emotions and behavior regulation.