Discuss the nature and implications of the upcoming accounting switch from GAAP to IFRS in the United
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GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...
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The accounting switch from GAAP to IFRS in the United States is going to cost bu...View the full answer
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