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Generally Unacceptable Accounting Principles
08-27-2009, 06:16 PM
Post: #1
Generally Unacceptable Accounting Principles
The article on the following link identifies some of the weaknesses of US-GAAP(Generally Acceptable Accounting Principles) and also questions the effectiveness of IFRS.

The US-SEC has announced that a mandatory two year dual-reporting period would begin for most companies in 2012, with IFRS only required by 2014.
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