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Define the process of harmonization

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Reference no: EM131565100

Main differences between U.S. GAAP and IFRS.

Paper should address and include discussions/analysis of the following:

  • Define the process of harmonization and the goals of harmonization;
  • The International Accounting Standards Board's (IASB) role in the harmonization process;
  • The Financial Accounting Standards Board's (FASB) role in the harmonization process;
  • The Securities and Exchange Commission's (S.E.C.) role in the harmonization process;
  • Discuss any future plans these organizations have for addressing differences between FASB standards and IFRS standards?

Reference no: EM131565100

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