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Preventing or detecting fraud: US GAAP or IFRS system?

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Which is better for preventing or detecting fraud a rules based system like US GAAP or a principles based system like IFRS? Please provide the reasons for your opinion.

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US GAAP is better use to prevent or detect frauds, because US GAAP has more rules that prevent accounting earnings fraud, which is the main fraud that keeps ...

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Referred to: Information for Better Markets: Measurement in Financial Reporting (Institute of Chartered Accountants in England and Wales) icaew.com/bettermarkets

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