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Pro-con arguments for universal set of accounting standards

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For years, the need for a universal set of accounting standards has been leading to the pending convergence of the U.S. Generally Accepted Accounting Principles (GAAP) and the International Financial Reporting Standards (IFRS).

Research the pro and con arguments for a universal set of accounting standards. Based on your research, develop a personal statement expressing your opinion. Be sure to explain both the reasoning and support for your position.

Reference no: EM133227798

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