IFRS- the universal language of accounting In the U.S., the SEC is deliberating on either giving U.S. companies the option of switching from the U.S. GAAP to IFRS or to mandate the conversion as it prepares to release its road map for convergence between the two. Nair & Co. generally maintains accounting books to the parent company’s chart of accounts. In additionNair & Co. maintains a parallel set of accounting books in local GAAP. By lillymarkin Public bookmarkswith accountingfinancialfirminternationalservices
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