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In one sense, it is clear that there will not be a single set of standards around the globe.
Even America, not known for co-operating on international projects, has been trying to mesh its rules with those of the IASB.But a row over two of the IASB's many new standards IAS 32 and 39, which cover financial instruments, especially derivatives threatens to wreck the chance of getting a single set of accounting standards around the globe.
The role of teachers is paramount to raising educational standards around the globe.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com