Increasingly Jamaican firms have been establishing conglomerates. Firms with subsidiaries must adhere to international accounting standards in reporting the results of their operations. Prepare a paper using the APA format to discuss the following: B. Explain the benefits that accrue to an investor in a parent undertaking which uses Consolidated Financial Statements? (2.5 marks) C. Discuss SEVEN (7) of the procedures which should be followed in preparing Consolidated Financial Statements, according to IAS 27. (5 marks)