Refer to Exhibits 6.3, 6.5, 6.7, 6.8, and 6.12. Required: Identify a. An issue in respect of

Question:

Refer to Exhibits 6.3, 6.5, 6.7, 6.8, and 6.12.

Required:
Identify
a. An issue in respect of which the practices of several countries discussed in this chapter are at variance with IFRS.
b. The most important financial accounting practice for each of the five countries which is at variance with IFRS. Also explain the reason(s) for your selection.