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Discuss the statement Many people believe that the US GAAP

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Question 1: Consider the following statement: Many people believe that the U.S. Generally Accepted Accounting Principles (GAAP) are a rules-based approach to setting standards, while the International Financial Reporting Standards (IFRS) are a principles-based approach.

Question 2: discuss the validity of this statement and give examples with academic support to justify your opinion

Reference no: EM132472342

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