Discuss any ethical concerns you find if a company decides

Reference no: EM133541824

Question: Select three differences between accounting for a specific transaction under GAAP and IFRS and explain the impact that the difference could have on the consolidation financials if the transaction was part of the intercompany transactions between two companies. Include a hypothetical example to show the impact. In addition, discuss any ethical concerns you find if a company decides to switch from GAAP to IFRS reporting. Be sure to identify standards and/or professional practice to back up your example.

Reference no: EM133541824

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