All of the following are influences on the development of a countrys financial reporting practices except?

A) The countrys legal system.

B) The countrys political system.

C) The taxation system.

D) The countrys cultural system.

E) The countrys level of inflation.

2. All of the following are ways a country may use IFRS except:

A) A country may require foreign companies listed on its domestic stock exchange to use IFRS.

B) A country may permit companies listed on its domestic stock exchange to use IFRS.

C) A country may permit foreign companies listed on a foreign stock exchange to use foreign GAAP.

D) A country may require companies listed on its domestic stock exchange to use IFRS in preparing consolidated financial statements.

E) A country may adopt IFRS as its national GAAP.