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Under U.S. GAAP, a two-tiered consolidation model is applied, one focused on voting rights and the second based on a party's exposure to risks and
- Under U.S. GAAP, a two-tiered consolidation model is applied, one focused on voting rights and the second based on a party's exposure to risks and rewards associated with the entity's activities (the VIE model). Upon what is the IFRS framework based?
- U.S. GAAP requires a two-step process to evaluate goodwill for potential impairment (as discussed in Chapter 1). What is required by IFRS with respect to goodwill impairment?
- Under U.S. GAAP, noncontrolling interests are measured at fair value. What is required by IFRS?
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CIA Part 1 Essentials Of Internal Auditing Certified Internal Auditor 2019
Authors: Muhammad Zain
1st Edition
1091949182, 978-1091949188
