Which of the Following Is a Commonly Cited Disadvantage of Having

Multiple Choice

Which of the following is a commonly cited disadvantage of having a new unified set of accounting standards?

A) Acquiring foreign companies would become a more confusing proposition.
B) Corporations may find themselves more susceptible to lawsuits due to the principles-based system.
C) Time and money would not be saved in accessing capital markets abroad.
D) The SEC would be dissolved if international accounting standards were adopted.