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Posted: August 27th, 2022
Understanding the International Financial Reporting Standards
After viewing the video in the Studying Exercise titled “Internationalization of Accounting Standards,” reply the following questions. Of the three areas that the presenter lists which might be considerably completely different between GAAP and IFRS, which of those do you assume is the most vital as to why the U.S. has not adopted IFRS? Why do you assume this? Conduct a search to look at all the potential explanation why the U.S. has not adopted IFRS. Record at the very least one motive that the presenter didn’t point out.
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