Consider the list of current and classic issues in accounting presented below (or others specified by your
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Consider the list of current and classic issues in accounting presented below (or others specified by your instructor). With your instructor’s help and guidance, form a team of students to investigate one of the issues. Use the Steps for Better Thinking to analyze the issue and prepare a short oral report for the class.
a. What are the obstacles associated with adopting International Financial Reporting Standards?
b. Should the provisions of the Sarbanes-Oxley Act be extended to nonpublic corporations?
c. Will principles-based accounting become the norm for U.S. GAAP?
d. Has the 150-hour requirement for becoming a CPA been a success?
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Heres an analysis of question g from the list in the text has the conceptual framework of accounting fulfilled its purpose based on SBT a Identifying i Problem The problem is to determine whether the ...View the full answer
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Related Book For 
Accounting Information Systems basic concepts and current issues
ISBN: 978-0078025334
3rd edition
Authors: Robert Hurt
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