Question: Outline some reasons the US regulators are likely to accept financial reports prepared under IFRSs rather than US GAAP for listing purposes. (J, K) What

Outline some reasons the US regulators are likely to accept financial reports prepared under IFRSs rather than US GAAP for listing purposes. (J, K)

What would you perceive to be negative aspects of convergence between the FASB and IASB? Explain your answer. (J, K)

How do you think the agreement to accept IFRSs will impact on US companies? (J, K)

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As per the requirement of the above question the answer is below Professionals have widely touted advantages of a global system of accounting as a benefit to investors because it would allow them to e... View full answer

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