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DO NOT copy this question to your answer file. The Canadian decision in the 2000s...

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Accounting

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DO NOT copy this question to your answer file. The Canadian decision in the 2000s to adopt IFRS is particularly interesting becay Canada already had well-developed domestic accounting standards. Due to proxi to the US, a significant fraction of Canadian industry was lobbying for the adoptic US Generally Accepted Accounting Principles (GAAP) and not IFRS. Required Discuss why and how Canada has chosen between: (1) retaining Canadian GAAP: adopting US GAAP; or (un) adopting IFRS. Notis important to show your critical thinking on this matter DO NOT copy this question to your answer file. The Canadian decision in the 2000s to adopt IFRS is particularly interesting becay Canada already had well-developed domestic accounting standards. Due to proxi to the US, a significant fraction of Canadian industry was lobbying for the adoptic US Generally Accepted Accounting Principles (GAAP) and not IFRS. Required Discuss why and how Canada has chosen between: (1) retaining Canadian GAAP: adopting US GAAP; or (un) adopting IFRS. Notis important to show your critical thinking on this matter

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