Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

There is still some uncertainty about when and how and if the US will switch over to international financial reporting standards. The sec has not

There is still some uncertainty about when and how and if the US will switch over to international financial reporting standards. The sec has not yet decided whether or not to proceed with incorporating IFRS into U.S. financial reporting or how it would be done. The sec might make a decision by the end of 2011 and here we are in 2015 and still no decision! Do you think the US should adopt IFRS? Why or why not?

Step by Step Solution

3.46 Rating (172 Votes )

There are 3 Steps involved in it

Step: 1

There is an argument in the accounting sector in adopting IFRS for GAAP Some critics believe that ad... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Financial Accounting

Authors: Theodore E. Christensen, David M. Cottrell, Cassy JH Budd

11th edition

78025877, 978-0078025877

More Books

Students also viewed these Accounting questions

Question

Give a definition of consolidated net income.

Answered: 1 week ago