Explain the legal requirements that require financial reporting in accordance with IFRS in the European Union. b) Explain the legal requirements that require financial reporting in accordance with IFRS in Germany. c) Discuss potential advantages and disadvantages for German entities that report in accord-ance with IFRS.

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a Legal Requirements for Financial Reporting in Accordance with IFRS in the European Union The legal requirements for financial reporting in accordance with IFRS in the European Union are primarily ou... View the full answer