Which of the following statements is TRUE?
A) Publicly traded enterprises must use IFRS for external reporting for fiscal years that start on or after January 1, 2011.
B) The Accounting Standards Board is a government body.
C) Publicly traded enterprises must use the accounting standards prescribed for private enterprises for external reporting.
D) The SEC is the most influential Canadian regulator of the flow of financial information provided by publicly traded companies in Canada.
Correct Answer:
Verified
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B) only
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