Global Accounting Standards

Author: Client Uploads

April 10th, 2021

Many experts argue the need for one global set of accounting standards. What are some of the differences between International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles (GAAP)? What are some advantages and disadvantages of adopting IFRS in the US? Do you personally think this is a good or a bad idea? Why?

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