Examlex
Which of the following refers to the degree to which an employee intends to stay with his or her employer?
IFRS
International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board for global use.
GAAP
The standard framework of guidelines for financial accounting employed within any specific jurisdiction, known as Generally Accepted Accounting Principles.
Principles-based
A system of accounting that is based on broad principles and guidelines, allowing for professional judgment and flexibility in financial reporting.
Rules-based
A regulatory approach that relies on detailed and specific standards for compliance, often contrasted with principles-based systems.
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