Find an international company (Do not use US company) that does not use IFRS or GAAP. Include the financial statement. Explain the differences between financial reporting for the company and GAAP. Detail any cultural, political, economic, demographic, or other factors that impact the financial reporting standards used by the company/country.

International Financial Statements

Look back at the various financial statements submitted in Unit 3

• Develop a rubric/spreadsheet or method/tool to compare and contrast the statements based upon disclosure items, quality of disclosure, timeliness, or any you believe to be important.
• Explain why you chose those items.
• Apply the rubric/spreadsheet or method/tool to at least three different financial statements - I suggest you use those chosen by your classmates.