The SEC is considering moving from GAAP to international accounting standards. Prepare a 10–12-slide PowerPoint presentation as if it will be presented to an audience of your peers. It should be a complete, polished artifact containing all of the main elements in the attached rubric below.

Contrast rules-based versus principles-based accounting,

Provide detailed scenarios (these can be case studies, articles, or any published accounting scenario within the last 5 years) in which GAAP and IFRS would handle the situation differently.

Explain the challenges inherent with global corporate governance.

State whether you are for or against this proposed change from GAAP to IFRS, defending your position with at least three points.

Guidelines for Submission: ***Your presentation should consist of 10–12 slides and include detailed speaker’s notes explaining each slide. The speaker’s notes illustrate the verbal portion of the presentation and are what you would say as you give the presentation to the audience.