Tag Archives: gaap and ifrs

GAAP and IFRS: The Effects of Globalization

GAAP and IFRS Globalisation has considerably influenced the way accounting is being practised worldwide. The reason for this is that laws are diverse throughout each and every country. U.S. accountants are required follow the Generally Accepted Accounting Principles (GAAP). Worldwide, there are currently over 115 countries using the International Financial …

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