1. Recognizing the benefits and costs of the IFRS on the international markets, how will this change...
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2. What measures should be put in place to monitor and govern the use of the IFRS?
3. Given that some Canadian companies have embraced the new standards, what is the likelihood that others will reject it, as did the United States Securities and Exchange Commission? Do you anticipate there being options for customization standards based on company needs and business industries?
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1 A fundamental change is the move away from GAAP to the new IFRS guidelines which are more flexible than GAAP and allow managers more discretion when they are reporting financial information One subs...View the full answer
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Related Book For 
Business
ISBN: 978-0133354263
8th Canadian Edition
Authors: Ricky Griffin, Ronald J.Ebert, Frederick Starke, Melanie Lang, George Dracopoulos
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