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4: International Financial Reporting Standards (6 marks) Discuss the reporting standards by distinguishing the difference between US GAAP and IFRS. Your discussion should include the

image text in transcribed 4: International Financial Reporting Standards (6 marks) Discuss the reporting standards by distinguishing the difference between US GAAP and IFRS. Your discussion should include the reporting of comprehensive income statement and statement of cashflow. Marks will be based on critical evaluation of the matter

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