(Answered) Question assume that you have been invited to advise the

Accounting

Question: Assume that you have been invited to advise the newly established accounting oversight body in one of the former eastern European countries that became a member of the EU in May 2004. The accounting oversight body is charged with the task of identifying the main issues to be addressed in implementing the use of IFRS.

Required: Prepare a report outlining the key points you would include in your advice to this accounting oversight body.

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