Which statement is false?

Convenience financial statements may mislead foreign users into believing the accounting principles used in the statements are also those of the user's country.

A study by Choi and Lovich found that foreign companies incurred greater costs when entering the U$.$S$.$ capital market.

Firms from Germany and Japan put little effort into accessing the foreign capital market.

Some firms issue statements in English and use IFRS rather than standards of any particular country.

All of the above are true.