How Has the AICPA Promoted the Adoption of IFRS

question 10

Multiple Choice

How has the AICPA promoted the adoption of IFRS?

• A)Recommended that the SEC move immediately to allow optional adoption of IFRS by U.S.companies
• B)Supported the goal of a single set of high quality,comprehensive financial reporting standards to be used by public companies of transparent and comparable financial reports throughout the world
• C)Reported that a majority of its members have at least a basic knowledge of IFRS and support this position.
• D)All of the above

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Definitions:

Global Citizenship

A concept involving the understanding of global issues, recognizing interconnectedness among nations and cultures, and taking active roles in addressing global challenges.

Multiculturalism

The presence of, or support for the presence of, several distinct cultural or ethnic groups within a society.

Transnational Corporation

A large company that operates in several countries around the world.

International Monetary Fund

An international organization created to foster global monetary cooperation, secure financial stability, facilitate international trade, and reduce poverty around the world.