(a) As international equity issuance and trading grow, problems related to filing financial statements in nondomestic jurisdictions become more important. Three solutions have been proposed for resolving the problems associated with filing financial statements across national borders: (1) reciprocity, (2) reconciliation, and (3) use of international standards. Required: Briefly evaluate each of the above three approaches. (10 marks) (b) Business strategy framework for financial statements analysis includes (1) business strategy analysis, (2) accounting analysis, (3) financial analysis, and (4) prospective analysis. Briefly discuss as to why, at each step, analysis of financial statements in a cross-border context is more difficult than a single-country analysis. (10 marks)