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How can the display of note disclosure with IFRS can make financial manipulation easier to commit than with GAAP?
(Example: option to buy shares from the company. Contingent liability. )This is just an example,please do not just focus on option and contingent liability.
Differences between the two methods. (explain with IFRS explain with GAAP)
Depending on the differences : Why is it easier now with IFRS? OR Why was it easier back than with GAAP?
How does manipulation be in the best interest of the managers, not in the best interest of stakeholders?
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