Vikram Patel, one of your friends from high school who is a finance major, is surprised that you are learning about international accounting. Explain why it is important for an accountant in the United States to learn international financial reporting standards $($IFRS$).($Select all that apply.$)$ A$.$ I may want to work outside of the U$.$S$.$ at some time in my career. As of $2016,$ IFRS is required or permitted in over $130$ countries worldwide. B$.$ The SEC permits the use of IFRS or U$.$S$.$ GAAP for U$.$S$.$ companies. C$.$ The SEC prefers the use of IFRS over U$.$S$.$ GAAP. D$.$ The SEC promotes high$-$quality, globally accepted accounting standards. U$.$S$.$ accountants and auditors will need a working knowledge of IFRS to implement these standards in companies and perform audits. E$.$ I'll be taking the CPA exam and IFRS is tested on it$.$ The accounting profession has determined that a working knowledge of IFRS is important for today's accountant. F$.$ The SEC permits the use of IFRS$-$based financial statements by international companies with shares trading on U$.$S$.$ stock exchanges. As an accountant and auditor in the U$.$S$.,$ I may be asked to assist these non$-$U$.$S$.$ companies in preparing U$.$S$.$ regulatory reports. G$.$ Non$-$U$.$S$.$ companies operate in the U$.$S$.$ and prepare their financial statements using IFRS. If I am working at or auditing an international firm, I am likely to see IFRS. H$.$ U$.$S$.$ companies operate subsidiaries outside of the U$.$S$.$ Many of these subsidiaries report under IFRS in their home countries. Accountants must convert the subsidiaries' financial statements to U$.$S$.$ GAAP when preparing consolidated financial statements. So$,$ if I am the accountant or auditor of a company with international subsidiaries, I will need to understand IFRS.