Internal controls are crucial to companies that convert, Ask an Expert

Accounting

Internal controls are crucial to companies that convert from U.S. GAAP to IFRS because of all of the following risks except:

Possible fraud.

Management's inability to certify the effectiveness of the controls.

Ineffective communication of the change to investors, creditors, and others.

Possible misstatement of financial information.

Controls are significantly different across the globe.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91961033

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