Tax Guru – Ker$tetter Letter

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Posted by taxguru on September 10, 2008

Closing the Information GAAP – Interesting look at plans to replace GAAP (Generally Accepted Accounting Principles) with IFRS (International Financial Reporting Standards) here in the USA.  I always get a kick out of non-accounting people who fell for the stereotype of tax and accounting being so cut and dried as to be boring because nothing could be further from the truth.  Tax and accounting rules are constantly changing and evolving and will never stop doing so.

 

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