Non-U.S. companies, which publicly offer a security in the U.S., must file financial statements based on:
A) Their home country's GAAP.
B) U.S. GAAP.
C) International accounting standards.
D) Foreign accounting rules.
E) None of the above.

Question

Quizplus · Accepted Answer

Non-U.S. companies that publicly offer securities in the U.S. must file financial statements based on U.S. GAAP or reconcile their financial statements to U.S. GAAP if they use a different accounting standard.

Non-US Companies, Which Publicly Offer a Security in the U