Why is IFRS important?

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Related questions

  1. What is the role of the IFRS Interpretations Committee?
  2. What are the main objectives of IFRS?
  3. Why does IFRS not allow LIFO?
  4. Who set IFRS?
  5. What are the benefits of IFRS?
  6. Why should companies comply with IFRS?
  7. What is the difference between GAAP and IFRS?
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