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Explain the differences between ifrs and gaap

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Assignment

International Financial Reporting Standards (IFRS) are a set of accounting standards developed by the International Accounting Standards Board (IASB). IFRS is becoming the global standard for financial reporting for public companies around the globe. Go to the IFRS website (https://www.ifrs.com/) and navigate it (or any other site) to learn more about resources pertaining to the international standards. Reportfive pieces of informationpertaining to advantages, disadvantages, history, IASB, convergence, adoption, differences between IFRS and GAAP, etc.

Reference no: EM131086395

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