(Answered) Accounting questioncase scenario japanese gaap vs chinese

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Case scenario: Japanese GAAP vs. Chinese Convergence

Research and compare the convergence of China's financial reporting standards with U.S. GAAP or IAS GAAP since 1999 and respond to the following questions:

• What societal values and economic goals have caused the two Asian countries to adopt different financial reporting standards?

• What societal values and economic goals have caused the two Asian countries to improve similar international financial reporting standards?

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