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QUESTION: Do you think the US should adopt IFRS. Why or why not? I really just want...

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Accounting

QUESTION:

Do you think the US should adopt IFRS. Why or why not? I reallyjust want your opinion about changing from US GAAP to IFRS. Whatwill be the pros and cons?

Answer & Explanation Solved by verified expert
4.5 Ratings (670 Votes)
In my opinion US should not adopt IFRS IFRS provides a more relevance and objective representation of the value of property plant and equipment for the firm stakeholders Thus is more relevant to denote the ability of the information presented in the financial statement for enabling the    See Answer
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