Which of the following statements, regarding international financial reporting standards (IFRS), is correct?

a. Companies who are incorporated in or do significant business in another country might be required to publish financial statements using international financial reporting standards

b. International financial reporting standard are issued by the Financial Accounting Standard Board.

c. The securities and Exchange commission is the private organization that oversees the creation and governance of international Financial reporting Standards.

d. International Financial Reporting standards represent a set of global accounting standards that are generally more specific and based less on principle than U.S. Generally Accepted Accounting Principles.

Answer rating: 100% (QA)

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