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comparing and contrasting rules-based (U.S. GAAP) versus principles-based accounting standards (International Financial Reporting Standards). also identify where bright lines currently exist in the statement of
comparing and contrasting rules-based (U.S. GAAP) versus principles-based accounting standards (International Financial Reporting Standards). also identify where bright lines currently exist in the statement of financial position, and areas in which we might expect revisions in the future.
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