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As part of a crisis communication strategy, you have been asked to set up a "public information center." Which of the following criteria does NOT apply?
US GAAP
The Generally Accepted Accounting Principles in the United States, a framework of accounting standards, principles, and procedures used in the financial reporting of companies.
IFRS
International Financial Reporting Standards, a set of accounting principles that provide guidelines for financial reporting and are recognized globally.
Deferred Taxes
Deferred taxes are future tax liabilities or assets, reflecting the temporary differences between the accounting income and taxable income.
GAAP
Generally Accepted Accounting Principles are a common set of accounting principles, standards, and procedures that companies must follow when they compile their financial statements in the United States.
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