Which of the Following Statements Is FALSE

Multiple Choice

Which of the following statements is FALSE?

A) The Securities and Exchange Commission is studying whether and how to require all U.S. public companies to adopt some version of International Financial Reporting Standards within the next decade.
B) The advantage of a uniform set of global accounting standards is that financial statements from a U.S. company will be comparable to those of a foreign company.
C) In the long run, a uniform set of global accounting standards should significantly reduce the costs of doing business globally.
D) With a uniform set of global accounting standards, companies will have to prepare multiple versions of their financial statements.