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Comparing US GAAP with IFRS, US GAAP is regarded as: A. Rules Based standards B. Principles Based Standards C. Both are one in the same

Comparing US GAAP with IFRS, US GAAP is regarded as:

A. Rules Based standards

B. Principles Based Standards

C. Both are one in the same

D. More Harmonization allowed.

The study of perspectives of accounting academicians and practitioners, findings were that the majority believe that effective convergence of one accepted standard s was:

A. Standard Setters

B. Speculators in companies hidden assets

c. Government Authorities

D. All of the above

Sustainability standards issued are the responsibility of the

A. SASB

B. FASB

C. IASB

D. IFAC

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