Question: 1: Select any transaction which is reported differently by FASB and IFRS. Explain these differences? Which format of reporting do you believe is a better

1: Select any transaction which is reported differently by FASB and IFRS. Explain these differences? Which format of reporting do you believe is a better reporting of the economic substance of the transaction?

Topic 2: Does having a Code of Ethics for Professional Accountants improve financial reporting in countries? Explain why or why not?

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