Question: What are the fundamental differences between GAAP and IFRS? Explain how you interact with the accounting function at your current (or past job). What are

  1. What are the fundamental differences between GAAP and IFRS?
    1. Explain how you interact with the accounting function at your current (or past job).
  2. What are the goals of the accounting function?
    1. Explain how you interact with the accounting function at your current (or past job).

  1. Why is it imperative that the accounting profession have the public trust?
    1. Explain how you interact with the accounting function at your current (or past job).
  2. What is the function of a CPA and an external audit?
    1. Explain how you interact with the accounting function at your current (or past job.)

Please include at least one scholarly article reference and a correct in-text citation.

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