The Securities and Exchange Commission (SEC)has Proposed a Set of Rules

Multiple Choice

The Securities and Exchange Commission (SEC) has proposed a set of rules that would ultimately require U.S.companies to use international financial reporting standards. Why?

A) With global business there is a need for consistency
B) More than 100 countries already use it.
C) foreign companies would be more willing to invest in the United States if they could use international accounting rules.
D) All of these answers are true