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Please define de jure and de facto harmonization. Please define each and discuss the difference...

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Accounting

Please define de jure and de facto harmonization. Please define each and discuss the difference between the two concepts. Assume that a country decides to officially adopt International Financial Reporting Standards (this may be roughly construed as De jure harmonization). What policy measures would a countrys financial regulatory authorities be required adopt to make to ensure that the countrys companies actually implemented those standards (this might loosely be interpreted as Defacto harmonization).

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