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Do only companies operating in the international marketplace need to change to IFRS or are all companies going to be required to make this change?

Do only companies operating in the international marketplace need to change to IFRS or are all companies going to be required to make this change?

If only international companies need to make this changes, does that then mean we will have two systems, ie. GAAP for non-international companies and IFRS for international companies?

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