The current status of foreign companies that are registered with the SEC regarding their financial statement filings is: e They can use IFRS to file their financial statements with the SEC and are not required to prepare a reconciliation of IFRS to US GAAP They must use both GAAP and IFRS to file their financial statements with the SEC They can use IFRS to file their financial statements, but they must prepare a reconciliation of IFRS to US GAAP They must use GAAP to file their financial statements with the SEC