Discrepancies between ifrs and u.s. gaap

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The U.S. is going global, which is easier with all of our current technology. Using the textbook, and at least 2 other relevant references, (sorry, no Wikipedia) where do you see the U.S. in the next 5 years? When do you estimate IFRS will become mandatory and resourceful in the US? Where are the biggest discrepancies between IFRS and U.S. GAAP? What can you recommend for a smoother transition?

Reference no: EM13154967

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