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The International Financial Reporting Standards (IFRS) is pending a move to both advantages and disadvantages for multinational corporations. in Africa, however the United States has yet to adopt IFRS standards (Doupnik Volume 8, Number 4. 466 http://www.cluteinstitute.com/ © 2012 The Clute Institute. NOTES.

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International Accounting Standards (IASs) were issued by the antecedent International Accounting IAS 9, Accounting for Research and Development Activities