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IFRS frequently: Multiple Choice are automatically approved for any foreign listed company, as soon as...

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Accounting

IFRS frequently:

Multiple Choice

are automatically approved for any foreign listed company, as soon as a new standard is issued.

allow firms less latitude when compared to U.S. GAAP.

follow a more generalized overview approach than do U.S. GAAP counterpart standards.

permit only one accounting treatment for similar business transactions and events to promote comparability.

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