What is the dialogue mostly about?

A. the flexibility of IASB
B. advantages of using GAAP
C. which accounting standards to use
D. businesses in Europe and the USA

The accountants use both standards because they

A. have clients in Europe and the USA.
B. want to determine which is better.
C. don’t want to be inconsistent.
D. have clients that requested it.

Accountant 1: Did you read the 1 ______ this morning?Accountant 2: You mean the one that says we have to follow both GAAP and IASB?Accountant 1: Yes. Why do we have to follow both?Accountant 2: Well, both have 2 ______ and disadvantages.Accountant 1: Like what?Accountant 2: GAAP has 3 ____ instructions. But it is restrictive.IASB is 4 ___________ . But it can be inconsistent.Accountant 1: Why not just pick one 5 ___________ to use?Accountant 2: Well, we have clients in both the USA and Europe. It's better to use both 6 ______ that they are familiar with.