Countries outside the U.S. use financial accounting standards issued by the:

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Countries outside the U.S. use financial accounting standards issued by the IASB (International Accounting Standards Board). The IASB sets International Financial Reporting Standards (IFRS), which is a set of accounting standards used by companies in over 140 countries. The other options, LLC and SEC, are not relevant as they are not accounting standards issuing bodies. GAAP (Generally Accepted Accounting Principles) is used in the U.S.

Countries Outside the U