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Accounting Standards

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To hope there would be one set of international accounting standards seems vague. From what I read, the US has a very complicated system in comparison to the international systems. To adopt international accounting standards means to some extent a lowering the US standards.

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Solution Summary

This solution compares US to international accounting standards.

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The US has had ethical issues with accounting standards and it may be due to the fact that they are so complicated and may not be understood by many. However, if followed, these accounting standards ...

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