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Why would it be advantageous for U.S. GAAP and IFRS to be the same 

Why would it be advantageous for U.S. GAAP and IFRS to be the same



Ex. 1—Common set of standards
Why would it be advantageous for U.S. GAAP and IFRS to be the same?
Ex. 2—Principles-based versus rules-based standards
What is the difference between principles-based and rules-based accounting rules? Are IFRS more principles-based than U.S. GAAP? Explain.



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28 May 2016

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  1. Genius
    Genius
    28 May 2016
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    Why would it be advantageous for U.S. GAAP and IFRS to be the same

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