What are some of the considerations that I need to take in regards to preparing financial statements to potential investors that are based here in the U.S.

Finance Basics

A client has a business in Iraq. It is 100% owned as a U.S.-owned investment. What are some of the considerations that I need to take in regards to preparing financial statements to potential investors that are based here in the U.S. Also, if the company is U.S. based but later acquired by a business man from Dubai, would I need to convert the financial statements to IFRS for Dubai reporting purposes?

 

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