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EN

GAAP and IFRS

 Contrast rules-based versus principles-based accounting,  Provide detailed scenarios (these can be case studies, articles, or any published accounting scenario within the last 5 years) in which GAAP and IFRS would handle the situation differently.  Explain the challenges inherent with global corporate governance.  State whether you are for or against this proposed change from GAAP to IFRS, defending your position with at least three points.

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