What impact, if any, do international accounting standards (i.e., the International Financial Reporting Standards developed by the
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What impact, if any, do international accounting standards (i.e., the International Financial Reporting Standards developed by the International Accounting Standards Board) have on U.S.-owned businesses? On international businesses? Is the impact greater on U.S. businesses in any particular industry, and if so, why?
Expert Answer:
The IFRS standards have been developed to bring uniformity in financial reporting for businesses acr... View the full answer
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