1. Based on the information provided in this chapter on HSBC Holdings plc (parent company) would you generally expect this company to meet the definition of a foreign private issuer in the United States> Explain, identifying any assumptions you made.

2. When should a researcher look at the IAS 8 hierarchy? (what is a situation in which this might be relevant)

3. Locate an IFRS/GAAP comparison guide. Name and explain one different between US GAAP and IFRS related to contingent liabilities. Include citation with date of information.

4. Locate the Toyota Form 20-F for 2018. a. In note 1, explain how they prepare their financial statements. (ie, in accordance with what set of principles and standards) b. How is Toyota considered by the US SEC and how are they then permitted to complete their financials?c. Look at the audit report and see what standards the audit report followed.