Question

Each of the Big 4 auditors along with Grant Thornton and BDO International provide illustrative financial statements on their web pages. http://www.pwc.com http://www.grantthornton.com http://www.kpmg.com http://www.bdointernational.com http://www.iasplus.com/fs/fs.htm http://www.ey.com/global

Required:
Using one of the web pages, find an example of a financial statement prepared using IFRS.
A. Conduct a web search and provide a summary of differences between the IFRS income statement and a typical income statement prepared using U.S. GAAP.
B. Conduct a web search and provide a summary of differences between the IFRS balance sheet and a typical balance sheet prepared using U.S. GAAP.
C. Conduct a web search and provide a summary of differences between the IFRS statement of cash flows and a cash flow statement prepared using U.S. GAAP.



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  • CreatedJune 19, 2015
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