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Why is the FASB Codification Project so important to the U.S. adoption of IFRS? What is the status of the FASB Codification Project? TOC 3. Given the importance of the FASB Codification project, evaluate the reasoning behind the project, its relationship to IFRS and demonstrate how to perform research using the Codification database.
The FASB had three primary goals for developing the codification. Name one of the goals and tell us if you think that goal has or has not been met. Explain your answer.
There is one more coming later.
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