The SEC made a monumental decision to change the requirements for foreign registrants and their reporting in the US under certain circumstances in 2007:
A) Foreign registrants could use IFRSs in preparing their financial statements
B) Foreign registrants must report under US GAAAP.
C) Foreign registrants may report under IFRS as long as they provide a reconciliation to US GAAP.
D) The SEC has no jurisdiction under foreign registrants..
Correct Answer:
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