In 2007,the Securities and Exchange Commission (SEC)began to allow foreign companies to use which of the following for its reporting standards?
A)SOX
B)GAAP
C)GAAS
D)IFRS

Name: In 2007,the Securities and Exchange Commission (SEC)began to allow foreign companies to use which of the following for its reporting standards? A)SOX B)GAAP C)GAAS D)IFRS
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Question

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In 2007, the SEC began to allow foreign companies to use the International Financial Reporting Standards (IFRS) for its reporting standards.

In 2007,the Securities and Exchange Commission (SEC)began to Allow Foreign