(1) Discuss the differences in approaches taken by the International Accounting Standards Committee (IASC) and...

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Accounting

(1) Discuss the differences in approaches taken by the International Accounting Standards Committee (IASC) and the Financial Accounting Standards Board (FASB) in setting accounting standards. (2) Research the advantages and disadvantages of the United States adopting international accounting standards in place of generally accepted accounting principles. Post your recommendation and support for your decision.

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