More particularly, when is IFRS used for accounting guidance and when is GAAP used? What are the regulatory implications?

accounting compliance gaap ifrs

asked

We are a small non-profit company that provides health care in the urban core of our city. A much larger non-profit that is also in health care has approach us about acquiring our company. Is that even possible? What would that mean for our customers? What about our management team and employees?

healthcare acquisition nonprofit

asked