What is the sec current perspective on acceptance of ifrs

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Define IFRS, then identify the key, attributes, differences between U.S. GAAP and IFRS. Il. What is the SEC current perspective on acceptance of IFRS' financial statements? Ill. List and describe four disadvantages (drawbacks) should the U.S. adopts IFRS as the global accounting standard. IV. Describe the relationship between IASB, FASB, SEC and AICPA- preferably use a chart to illustrate this relationship. V. VI. Provide your group's perspective on the advantages to US. based businesses adopting FRS : That is, list and describe four advantages of the U.S. adopting IFRS as the global accounting standard - This question requires your group's 2-2 discussion and coordinated response.

Reference no: EM133716416

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