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What would be the impact of IFRS adoption on US companies

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Question - In October 2002, the FASB and the International Accounting Standard Board (IASB) announced the issuance of a memorandum of understanding ("Norwalk Agreement"), marking a significant step toward formalizing their commitment to the convergence of U.S. and international accounting standards. In your opinion, what would be the impact of IFRS adoption on U.S. companies?

Reference no: EM132768741

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