Explain in a three-paragraph essay how PwC’s Illustrative Financial Statements “Value IFRS Plc” chose to present its statement of financial position differently from U.S. companies but in compliance with IFRS. Then explain an additional two of PwC’s “Value IFRS Plc” disclosures that would not be in compliance with U.S. GAAP. Don’t forget to include a cover page and references cited page in your essay.
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