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A) International Financial Reporting Standards (IFRS) is often described as principles based accounting rule as against rule based B) Define and explain the difference (s)

A) International Financial Reporting Standards (IFRS) is often described as principles based accounting rule as against rule based

B) Define and explain the difference (s) between the two

C) Based on your study of corporate governance and financial reporting which rule is ideal for effective financial reporting in Nigeria and why?

D) Distinguish between IFRS and IPSAS

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