Accountants are responsible for following standards, conventions, and rules in order to ensure ethical reasoning in their day-to-day practices. However, the rules in the United States vary from those followed in other countries.

Based on your readings for this week:

Discuss the differences between GAAP and IFRS:

• What are implications of the differences in financial reporting?
• What are two advantages and two issues with each?

With these thoughts in mind:

Post an initial statement  that ex