Describe the background and history of International Accounting Financial Reporting Standards (IFRS) and explain 5 differences that still exist between U.S. GAAP and IFRS. Please use two current sources (2016 to present) to complete this assignment.

Describe the background and history of International Accounting Financial Reporting Standards (IFRS) and explain 5 differences that still exist between U.S. GAAP and IFRS. Please use two current sources (2016 to present) to complete this assignment.

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