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Explain the benefits of global adoption of IFRSs. (LO4) What are the limitations of global adoption of IFRSs? (LO4) Outline the key challenges of US

Explain the benefits of global adoption of IFRSs. (LO4) What are the limitations of global adoption of IFRSs? (LO4)

Outline the key challenges of US GAAP and IFRS convergence.

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