Reply with at least 200 words citation and reference Discuss the similarities and differences between the US GAAP and International Financial Reporting Standards (IFRS) and how they relate to three di

Reply with at least 200 words citation and reference

Discuss the similarities and differences between the US GAAP and International Financial Reporting Standards (IFRS) and how they relate to three different industries. Cite the topic resources and outside resources to support the ideas presented. When replying to peers, provide additional examples that further compare and contrast these two sets of standards.