Foreign companies listed on a U.S. stock exchange may use foreign GAAP in preparing the annual report filed with the U.S. Securities and Exchange Commission Multiple choice question. and need not provide any U.S. GAAP or IFRS reconciliation. but must also provide a reconciliation of net income and stockholders' equity to U.S. GAAP. but must also provide a reconciliation of net income and stockholders' equity to IFRS