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 report-ing 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 state-ments for the U.S. SEC in accordance with a reporting framework other than GAAP?

c. Finally, identify Toyotas auditor and describe the auditing standards applied by the companys auditors.