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Describe the background and history of International Accounting Financial Reporting Standards (IFRS) and explain 5 differences that still exist between U.S. GAAP and IFRS. Please use two current sources (2020 to present) in addition to Chapter 11 in the ACCT 330 textbook to complete this assignment..

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Describe the background and history of International Accounting Financial Reporting Standards (IFRS) and explain 5 differences that still exist between U.S. GAAP and IFRS. Please use two current sources (2020 to present) in addition to Chapter 11 in the ACCT 330 textbook to complete this assignment.

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