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Please provide a substantial (250-300 word) response. Similarities between the US GAAP and IFRS accounting standards Differences between the US GAAP and IFRS accounting rules

Please provide a substantial (250-300 word) response.

  • Similarities between the US GAAP and IFRS accounting standards
  • Differences between the US GAAP and IFRS accounting rules
  • Your insights on the importance (or lack of importance) of being knowledgeable about International Financial Reporting Standards (even if your home base and the work you will be doing is in the USA).

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