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1. Discuss at least six factors that have led to global accounting diversity (12 marks) 2. Identify and explain at least four differences between US

1. Discuss at least six factors that have led to global accounting diversity (12 marks) 2. Identify and explain at least four differences between US GAAP and IFRS. 3. Elaborate on the key issues preventing harmonization of US GAAP and IFRS

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