Over the past decade, there has been a growing demand in the corporate world that US Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) converge to form a set of universal accounting standards. . In 2002, members of the Financial Accounting Standards Board (FASB) and members of the International Accounting Standards Board […]
Continue.. Advantages and Disadvantages of US Convergence Between GAAP and IFRS