5.5 explain the arguments of allow the IASB and FASB to complete in provision of account standards. Which arguments are stronger?

ing to u plain the advantages and disaava taining principles rather than rules 5.4 Discuss the high-level differences between IFRS and US GAAP to demand reconcilations of IFRS to US GAAP from foreign co listed on US exchanges? s and US GAAP. Was th from foreign companie 5.5 Explain the arguments for and against allowing the IASB and the Fs in the provision of accounting standards. Which arguments a 5.6 Access the website of Glaxo SmithKline ( Access the website of GlaxoSmithKline (www.gsk.com) to explain the disclosed in its annual reports between US GAAP and IFRS and i 2004 to 2006. Could these differences (summarized in Tables 1.1 a been smallerif the company had made other choices of options av FRS and UK GAAP? Is the size of the differences influenced by the that ht that FASB to are the stronome e at Ujk and tronger? difference GAAP 1.2) from have