The International Financial Reporting Standards set out by the International Accounting Standards Board are NOT accepted by the exchanges in which of the following countries or regions?
A)France
B)the United Kingdom
C)the United States
D)Germany

Question

Quizplus · Accepted Answer

The United States is the only country or region listed that does not accept International Financial Reporting Standards (IFRS). Instead, the US uses Generally Accepted Accounting Principles (GAAP) for financial reporting.

The International Financial Reporting Standards Set Out by the International