Question: 1. Create an initial posting that includes what you believe to be the 'crux' of IFRS. 2. What are your thoughts regarding the Reporting Standards

1. Create an initial posting that includes what you believe to be the 'crux' of IFRS.
2. What are your thoughts regarding the Reporting Standards to be instituted (e.g. is it necessary? Is it a good idea? Etc.)
3. Describe two differences between GAAP and IFRS.
4. Is IFRS likely to be adopted in the U.S. in the near future?

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