How might differences in presentation of comparative data under GAAP and IFRS affect adoption of IFRS by
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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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Currently under US GAAP when a company prepares financial sta...View the full answer
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