4. Locate the 2015 Form 20-F of Honda Motor Co. a. First, determine whether the financial statements were prepared in accordance with IFRS, and describe where you located this compliance statement. Also in this note about presentation, what does the company say with respect to its initial application of IFRS? Explain. Considering what you learned in this chapter, why is Honda permitted to prepare financial statements for the U.S. SEC in accordance with IFRS? Is Honda permitted to use IFRS to prepare financial statements filed with its home country? Explain, and describe how you found this information. Finally, identify Honda's auditor and describe the auditing standards applied by the company's auditors. b. c. d. e.

Honda , Form 20-K. (2015). United States Securities and Exchange Commission Form 20-K. Honda Motor Co. LTD. Retrieved December 15, 2017 http://world.honda.com/content/dam/site/world/investors/cq_img/library/form_20-f/FY201503_form20f_e.pdf