10-21-2020, 12:09 AM
Did you know in the US, we follow what is known as GAAP as established by FASB which is a private organization that SEC delegates much of its accounting standards to, as opposed to the UK that follows IFRS as established IASB, where GAAP is more rules based than principle based like IFRS, and a convergence between GAAP and IFRS is long overdue?