Question: Global Accounting Standards practice question 7 Do you think it is in the best interest of the U.S.A. to switch to International Financial Reporting Standards

Global Accounting Standards practice question 7

Do you think it is in the best interest of the U.S.A. to switch to International Financial Reporting Standards (IFRS)?What are the reasons in favor of staying with US GAAP?

When discussing your responses consider the point of views of the public, the companies, and the practitioners.

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