Which of the Following Is $\underline{not}$ A True Statement Regarding Harmonization of Accounting Standards?
A)Harmonization Refers

Which of the following is $\underline{not}$ a true statement regarding harmonization of accounting standards?

A) Harmonization refers to the degree of coordination or similarity among the various sets of national accounting standards and methods and the formats of financial reporting.
B) Among the factors underlying the desire for harmonization is the rise in importance of the multinational firm.
C) The issue of harmonization is closely tied to the efforts of the IASB as well as activities of the EU.
D) Many continental model countries, such as France and Germany, have viewed harmonization as an opportunity to coordinate their accounting standards with those of the US.