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Posted on Apr 05, 2023

Cullen Company of country X and Shaw Industries of country Y have issued financial statements in compliance with the accounting principles of their respective countries.

They would like to work together on a project and need to compare their current prior to beginning. However, the accounting principles of the two countries differ.

What organization might they turn to regard this issue? (Give both the full name of the organization and its acronym.

What is the function of this organization?

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