Prepare a 10- to 12- slide presentation. Assume the role of an employee presenting to your company president.
- Brief Introduction and Conclusion & submission.
- Explain IFRS versus GAAP. Include a clear description of the changes in financial principles and reporting between the two. (2 slides ON THE SECTION ONLY)
- Explain the two terms, “more principle based” and “rules based”and provide examples for each
- Define the expected future direction for IFRS in regard to financial report format and the benefits of the change.
- Identify areas that you do not expect to have changed in GAAP.
- Articulate your opinion on SOX’s role for non-U.S. registered corporations