Question: (3 points) Based on our discussions, why are some U.S. companies already reporting under IFRS instead of GAAP? (A 44) They have a special government

  1. (3 points) Based on our discussions, why are some U.S. companies already reporting under IFRS instead of GAAP? (A 44)

    They have a special government contract that requires IFRS reporting.

    They have a parent company that requires them to report under IFRS.

    They believe it is coming anyway and they want to get ahead.

    They have a bank that requires them to report under IFRS.

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