Explore BrainMass
Share

Advantages and Disadvantages of International Financial Reporting Standards (IFRS)

This content was STOLEN from BrainMass.com - View the original, and get the solution, here!

What are some of the reasons for and against the U.S. adopting international financial reporting standards (IFRS). Use at least 200 words and cite any sources in APA format.

© BrainMass Inc. brainmass.com September 25, 2018, 4:56 pm ad1c9bdddf - https://brainmass.com/business/business-management/advantages-and-disadvantages-of-international-financial-reporting-standards-ifrs-586625

Solution Summary

The majority of the world uses IFRS as their accounting standards whereas the U.S. uses GAAP. This solution examines the advantages and disadvantages for the U.S. switching to IFRS.

$2.19