Question: Which statement is NOT correct regarding International FinancialReporting Standards (IFRS)? a. IFRS is an accepted standard for public financial reporting inover 130 countries b. IFRS

  1. Which statement is NOT correct regarding International FinancialReporting Standards (IFRS)?

    a.

    IFRS is an accepted standard for public financial reporting inover 130 countries

    b.

    IFRS is an accepted standard for foreign companies filing withthe U. S. Securities and Exchange Commission

    c.

    IFRS is an accepted standard for domestic companies filing withthe U.S. Securities and Exchange Commission

    d.

    IFRS are principles-based while U.S. GAAP includes more detailedrules

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