Accounting issues on which ifrs and us gaap currently differ
Problem: Identify three major accounting issues on which IFRS and US GAAP currently differ. For each, outline briefly the nature of the divergence, and discuss the potential impact if the IFRS position is adopted in the US.
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Employees at Foxconn factories described in the e-Activity (below) worked more hours than allowed under Chinese labor laws.
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Problem: Identify three major accounting issues on which IFRS and US GAAP currently differ.
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