Question: Identify and describe the types of differences that exist between IFRS and U . S . GAAP. Foreign companies whose stocks are listed on United

Identify and describe the types of differences that exist between IFRS and U

.

.

GAAP.

Foreign companies whose stocks are listed on United States Stock Exchanges are required to file Form

20 -

F reconciliations with the Securities and Exchange Commission if they prepare their consolidated financial statements in accordance with any standards different from current U

.

.

GAAP or IFRS

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