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resources available on the generally accepted accounting principles (GAAP) and International Financial and Reporting Standards (IFRS). Explain why GAAPs are so important, and identify the
resources available on the generally accepted accounting principles (GAAP) and International Financial and Reporting Standards (IFRS). Explain why GAAPs are so important, and identify the benefits of IFRS. Identify how these two standards can be applied to keep companies from "cooking the books
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