In a professional career, one may be called upon to conduct research and deliver findings in professional settings. The SEC is considering moving from GAAP to international accounting standards.

Prepare a 10–12-slide PowerPoint presentation that should be a complete, polished artifact containing all of the main elements in the rubric below.

Contrast rules-based versus principles-based accounting,

Provide detailed scenarios (these can be case studies, articles, or any published accounting scenario within the last 5 years) in which GAAP and IFRS would handle the situation differently.

Explain the challenges inherent with global corporate governance.

State whether you are for or against this proposed change from GAAP to IFRS, defending your position with at least three points