I am doing a case study for an international acct class that I am taking and I need some 'expert' opinions on it. Here is an overview of it:
The CEO of a corporation is speaking to the CFO about changing their accounting over to international from domestic GAAP so a loss does not show up while he is the CEO of the company. The country that they are in allows both GAAP and international standards. Should they do this?Why? And what should the CFO say in response to the CEO??