comparing u s and international standards

Using the Library and resources conduct research and write a 3–4 page paper addressing the following questions: • Where does the U.S. stand with International Financial Reporting Standards (IFRS) today? • Will the U.S. adhere to IFRS? Explain. • What are the major significant differences between U.S. Generally Accepted Accounting Principles (GAAP) and IFRS? • What are the advantages and disadvantages to U.S. companies in adhering to IFRS standards? You must cite at least 3 peer-reviewed articles that are located in the Library using APA format and citation style (See the tutorial in the assignment area).

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