Which one provides better treatment for accounting issues

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Question 1: There are different accounting standards used by the companies across the globe in order to make their accounting practices acceptable and comparable among the industries. International accounting standards (IAS) and generally accepted accounting principles (GAAP) are the most use accounting principles, in your opinion, which one provides better treatment for accounting issues? Do these standards deal with all the existing accounting issues for recognition of accounting transactions? explain briefly

Reference no: EM132593123

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