Revisiting IFRS versus US GAAP$($Discussion topic$)$ Revisiting IFRS versus US GAAP Now that we have looked at the accounting differences between IFRS and US GAAP I want you to look back at your response to the discussion topic from earlier in the course, only from the perspective of the quality of the financial statements. Knowing what you know now about IFRS treatment for PP&E$,$ investment property, financial instruments etc. do you think the US should adopt IFRS to increase the quality of financial reporting?