Write a 3 page paper answering the following questions:
- Where does the U.S. stand with International Financial Reporting Standards (IFRS) today?
- Will the U.S. adhere to IFRS? Explain.
- What are the major significant differences between (GAAP) and IFRS?
- What are the advantages and disadvantages to U.S. companies in adhering to IFRS standards?
Must have at least 3 peer reviewed articles.
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