Question: The reading mentions that the war between principles-based IFRS and rules-based GAAP is perceived by many to be far from over; in your opinion, what

The reading mentions that the war between "principles-based" IFRS and "rules-based" GAAP is perceived by many to be far from over; in your opinion, what do you think the turning point of this "war" could be? What could cause the US to finally agree to adopt IFRS standards or do you think it is unlikely that the US would ever adopt them?

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