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What are the International Financial Reporting Standards (IFRS), and how do they differ from the Generally Accepted Accounting Principles (GAAP) in the US? What are

What are the International Financial Reporting Standards (IFRS), and how do they differ from the Generally Accepted Accounting Principles (GAAP) in the US? What are some challenges adopting these standards here, and how are companies with a multinational focus impacted? Research this topic online.

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