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Adopting International Accounting Standards
Read Closing Case: Adopting International Accounting Standards at the end of chapter 19 and write a 2-3 page paper in APA format with a detailed analysis that answers the following questions:
What are the benefits of adopting international accounting standards for (a) investors, and (b) business enterprises? What are the potential risks associated with a move toward the adoption of international accounting standards in a nation? In which nation is the move to adoption of IASB standard likely to cause the revisions in the reported financial performance of business enterprises, the United States or China? Why?
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