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Pick a Number by Audra Ong, Roger Hussey

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CHAPTER 6

The End and the Beginning

About This Chapter

In the previous chapters, we discussed accounting regulations in the United States, as well as the U.S. involvement in the growth of international accounting. We have examined the impact of the U.S. strategic approach to internationalization and the accounting standards that have been changed due to the influence of international thinking.

In Chapter 4, we alerted you to the fact that, although U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) may be claimed to have converged on specific topics, the possibility of differences still exists. In Chapter 5, we emphasized this possibility by looking at the four projects that are still ...

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