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Companies following international financial reporting standards must _______. a. choose different accounting systems than companies that follow accounting standards for private enterprises b. consider that
"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
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