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July/August 2023 » Changing Basis to U.S. GAAP from...
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Howard B. Levy, CPA
I was recently consulted on an unusual accounting and a related audit reporting question raised on behalf of a practitioner's public client, which was contemplating converting its financial statements from an IFRS to a U.S. GAAP basis. Apparently, the client believed reporting on a U.S. GAAP basis would broaden its access to U.S. capital markets.
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