Which of the following statements regarding IFRS is incorrect? Multiple Choice 1.25 points (8 01:49:36 O The European Commission must endorse" IFRS for required use by EU companies. O All companies listed on the London Stock Exchange must use IFRS. O The SEC has expressed concern that transitioning to IFRS might be prohibitively expensive and might lessen U.S. Influence over standard setting. O The SEC-required Form 20-F must be filed with the SEC by foreign Issuers within 30 days