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IFRS versus US GAAP Accounting Models

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January 16th, 2023

With knowledge of the accounting differences between IFRS and US GAAP look back on your views, only from the perspective of the quality of the financial statements. Knowing what you know now about IFRS treatment for PP&E, investment property, financial instruments etc. do you think the US should adopt IFRS to increase the quality of financial reporting? Please explain.

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