Which of the following is not a reason why an accountant in the United States should learn international accounting standards?
A) The United States has plans to adopt IFRS in the near future.
B) The SEC permits the use of IFRS-based financial statements by international companies with shares trading on the U.S. stock exchanges.
C) An accountant may work for, or assist, a foreign company that operates in the U.S. and uses IFRS for financial reporting.
D) U.S. companies operate subsidiaries outside of the United States which report under IFRS in their home countries.

Question

Quizplus · Accepted Answer

The United States does not have immediate plans to adopt IFRS, so learning international accounting standards for this reason is not necessary.

Which of the Following Is Not a Reason Why an Accountant