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Developing accounting standards is challenging and requires coordinated efforts among various parties to successfully execute. If you...

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Accounting

Developing accounting standards is challenging and requirescoordinated efforts among various parties to successfully execute.If you were given complete authority in this matter, how would youpropose that GAAP should be developed and enforced? What processwould you put in place to protect all parties that areimpacted?

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The current requirements have allowed the PGCA standards to be developed to the point of globalizing these standards worldwide through the IFRS where it seeks to have clear parameters for multinationals    See Answer
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