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8-1 Discussion: GAAP vs. IFRS Valuation Methods on Assets and Liabilities Examine the differences and similarities between the U.S. GAAP and IFRS valuation methods on assets and liabilities. How could
8-1 Discussion: GAAP vs. IFRS Valuation Methods on Assets and Liabilities
Examine the differences and similarities between the U.S. GAAP and IFRS valuation methods on assets and liabilities. How could these different methods affect the probability of fraud occurring in valuing assets and liabilities? How do the different valuation methods affect the results of auditing assets and liabilities, and what could be done to improve these auditing results?
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