Question: Identify 2 specific differences when comparing U.S. GAAP and IFRS accounting guidance. Identify 2 specific similarities when comparing U.S. GAAP and IFRS accounting rules.

Identify 2 specific differences when comparing U.S. GAAP and IFRS accounting guidance.

Identify 2 specific similarities when comparing U.S. GAAP and IFRS accounting rules.

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5. It is the needs of the individual that are important.

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6. It is what the person has previously done for the group that is the deciding factor.