1.Locate the most recent Form 20-F of Toyota Motor Corporation.

a.First, determine whether the financial statements were prepared in accordance with IFRS or another reporting framework, and describe where you located this basis of preparation information.

b.Considering what you learned in this chapter, why might Toyota be permitted to prepare financial statements for the U.S. SEC in accordance with a reporting framework other than GAAP?

c.Finally, identify Toyota's auditor and describe the auditing standards applied by the company's auditors.