IFRS relative to GAAP in FDD

This topic contains 1 reply, has 2 voices, and was last updated by  Pensiri Koomsap 2 days, 7 hours ago.

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  • #114892


    Participant

    Hi,

    What can I do if the target company reports their financials in GAAP and the acquirer reports in IFRS?
    As you know, the management accounts are unaudited. When I higher the advisor for DD, what should I ask for specifically?

    Thanks,

    #114963

    Pensiri Koomsap
    Participant

    Besides normal financial DD, you should ask about the major differences between the local GAAP and IFRS in the industry of your target company as well as major adjustments from the local GAAP to IFRS of the target company.

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