While U.S.GAAP requires a complete set of financial statements,including a balance sheet,statement of stockholders' equity,income statement,and statement of cash flows,IFRS do not.

Question

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This statement is false. IFRS also require a complete set of financial statements, which includes a balance sheet, income statement, statement of changes in equity, statement of cash flows, and notes to the financial statements.

While USGAAP Requires a Complete Set of Financial Statements,including a Balance