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GAAP and IFRS: International accounting standards shape accounting education

Accounting booksAs the U.S. moves closer to the adoption of international accounting standards, the debate over the use of Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS) for financial reporting continues. But, whatever the U.S. decides, the fact remains that the widespread use of international accounting standards will require changes in the curriculum of accounting education. Read more