International Financial Reporting Standards (IFRS) are recognized as acceptable by major stock exchanges throughout the world except in

Question

Quizplus · Accepted Answer

While IFRS are accepted by most major stock exchanges around the world, they are not accepted by the Securities and Exchange Commission (SEC) in the United States. The United States continues to use Generally Accepted Accounting Principles (GAAP) for financial reporting.

International Financial Reporting Standards (IFRS) Are Recognized as Acceptable by Major