Think of the factors that make it difficult for the Board’s IFRS Standards and the FASB’s US GAAP standards to fully converge. Are they mostly political or are they also related to the different views on the objectives of financial reporting? Discuss.

Chapter 1, Exercises #6

Think of the factors that make it difficult for the Board’s IFRS Standards and the FASB’s US GAAP standards to fully converge. Are they mostly political or are they also related to the different views on the objectives of financial reporting? Discuss.

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Related Book For answer-question

International Financial Reporting And Analysis

8th Edition

Authors: David Alexander, Ann Jorissen, Martin Hoogendoorn

ISBN: 9781473766853