International Accounting
International Accounting
5th Edition
ISBN: 9781259747984
Author: Doupnik, Timothy S., Finn, Mark T., Gotti, Giorgio
Publisher: Mcgraw-hill Education,
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Chapter 3, Problem 17Q
To determine

Explain the main difference between the two approaches to accounting standards setting taken by FASB (Financial Accounting Standards Board) and the IASB (International Accounting Standards Board).

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What are some of the differences in elements in the IASB and FASB conceptual frameworks?
In what ways does the IASB differ from the IASC?
How do IAASB audit standards compare to US audit standards?
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