Unformatted text preview: use GAAP when organizing its consolidated financial statements. I do agree that it would be costly to convert to using the IFRS. The companies would have to have developed new software that adheres to IFRS. The companies would also have to train its accountants on as well. It would just depend on the company if it would want to make this step without the possible of the SEC conversion....
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This note was uploaded on 03/09/2012 for the course ACCT 403 taught by Professor O during the Spring '11 term at Lee.
- Spring '11