Find Free Articles - ArticlesBase: Accounting Systems Throughout the World, and the Integration of the International Financial Reporting Standards (IFRS)

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Accounting Systems Throughout the World, and the Integration of the International Financial Reporting Standards (IFRS) Apr 18th 2013, 13:21 There are many challenges facing accounting and auditing with the globalization of trade. It is expected that by the year 2015, US companies will have adopted the IFRS (International Financial Reporting Standards). The issue with trading across different nations is that until every country forces a globalized standard, such as the one issued by the International Accounting Standards Board (IASB), each country can define its own standards.

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