Which of the Following Is Not a Concern Expressed by the SEC

Multiple Choice

Which of the following is not a concern expressed by the SEC regarding IFRS adoption by the U.S.?

A) Need for the U.S. to have strong influence on the standard-setting process and ensure that standards meet U.S. needs.
B) The language barriers associated with cooperation among many countries in developing IFRS.
C) The high costs to companies of converting to IFRS.
D) The fact that many laws, regulations and private contracts reference U.S. GAAP.