The SEC is currently considering a shift from U.S. GAAP to IFRS. This change has a possibility of being mandated. A shift of this magnitude can mean all accountants be re-educated on the new standards. Certainly the intention is to have a single global set of rules to simplify the world of accounting however some thought leaders voice that it could complicate the profession more. Below you will find links to articles on this topic. Some support the change and some do not.
This assignment should be typed and follow APA guidelines for document format and citations of resources.
1.IFRS vs. US GAAP
2.International accounting standards and quality
3.Attributes and Differences between US GAAP and IFRS
4.Latest developments in IFRS & GAAP
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