Which of the following statements is false regarding the IASB and IFRS?

a$.$ The LASB in an international accounting standard$-$setting body that establishes International Financial Reporting Standards that are used in many countries around the world.

b$.$ For companies that list their securities on US$.$ capital markets, the SEC mandates that U$.$S$.$ companies follow accounting standards established by the FASB, while non$-$U$.$S$.$ companies may use accounting standards established by the IASB.

c$.$ It is important that accountants be fluent in U$.$S$.$ GAAP and IFRS.

d$.$ The United States still follows accounting standards established by the FASB due to the FASB's resistance to international convergence of accounting standards.