Do you think the gaa principles should be replaced

Reference no: EM133612420

Question: Do you think the GAA Principles should be replaced with the International Financial Reporting Standards (IFRS)? The chapter reading highlights that that the IFRS is simpler, more straightforward, and easier to comply with. Also, having uniform accounting rules that applies to all nations helps with doing business in a global economy.

Reference no: EM133612420

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