The U.S. Chamber of Commerce is against the accounting switch from GAAP to IFRS, saying it will cause cross-border commerce to decline.

Name: The U.S. Chamber of Commerce is against the accounting switch from GAAP to IFRS, saying it will cause cross-border commerce to decline.
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The U.S. Chamber of Commerce has generally supported the idea of a single set of high-quality global accounting standards, which IFRS aims to provide, to facilitate cross-border commerce.

The US Chamber of Commerce Is Against the Accounting Switch from from GAAP