International financial reporting standards

Assignment Help Financial Accounting

Reference no: EM131202652

"Companies following international financial reporting standards must _______.

a. choose different accounting systems than companies that follow accounting standards for private enterprises

b. consider that it may be necessary to implement an internal control system assuming it is cost-effective to do so

c. consider that they may need to report more information than a company that follows accounting standards for private enterprises

d. report less information than what is required under accounting standards for private enterprises.

Reference no: EM131202652

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