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Author Question: Identify the year the SEC will require American companies to switch from U.S.-based GAAP to IFRS as ... (Read 74 times)

Marty

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Question 1

Explain the benefits of XBRL.

Question 2

Identify the year the SEC will require American companies to switch from U.S.-based GAAP to IFRS as the basis for preparing financial statements.
◦ 2016
◦ 2018
◦ 2020
◦ At this point it is unclear when the SEC will require American companies to implement IFRS, though the SEC remains committed to requiring U.S. companies use IFRS at some point.


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Marked as best answer by Marty on Apr 8, 2019

jaaaaaaa

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