Which Statement Is FALSE

Multiple Choice

Which statement is FALSE?

A) International Financial Reporting Standards are used by many countries in the world.
B) U.S.Generally Accepted Accounting Principles are used by many countries in the world.
C) The Financial Accounting Standards Board is working with the International Accounting Standards Board to develop similar accounting standards.
D) For many years,U.S.Generally Accepted Accounting Principles were considered to be the superior set of accounting standards in the world.