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Your client is a small International group of companies that files under US GAAP. On examining the financial statements of its main foreign subsidiary, you

Your client is a small International group of companies that files under US GAAP. On examining the financial statements of its main foreign subsidiary, you notice that its accounts are prepared under IFRS. Which appears should take you in this situation.?

A-There is little cause for concern, because IFRS is generally more consecutive then US GAAP

b-You should research IFRS for key account areas, compare to US GAAP, and consider their potential impact

c-you should request disclosure to align with the requirements of US GAAP.

d-you should ask you're customer to provide an alternative set of financial statements based on US GAAP for the subsidiary

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