Since most externally reported financial statements are required to be in accordance with IFRS, how can the

Question:

Since most externally reported are required to be in accordance with IFRS, how can the existence of specific objectives of financial reporting affect the preparation of the statements?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...