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World according to GAAP is holding back progress in US

Americans are increasingly recognising that clinging on to US accounting standards is hampering corporate and capital market competitiveness, according to Rob Ward, global head of assurance at PricewaterhouseCoopers.

Americans are increasingly recognising that clinging on to US accounting standards is hampering corporate and capital market competitiveness, according to Rob Ward, global head of assurance at PricewaterhouseCoopers.