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IFRS and U.S. GAAP

question 17

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IFRS and U.S. GAAP


Definitions:

National Science Foundation

A federal agency in the United States that supports fundamental research and education in all the non-medical fields of science and engineering.

Equal Employment Opportunity Commission

A U.S. federal agency responsible for enforcing federal laws that make it illegal to discriminate against a job applicant or an employee because of the person's race, color, religion, sex, national origin, age, disability, or genetic information.

Policy Statements

Official documents that outline an entity's principles, protocols, and guidelines regarding its operations and decisions.

Rule-making

The process by which governmental agencies establish new regulations or amend existing ones.

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