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Guide, a public limited company, is a leading international provider of insurance and banking services. It currently prepares its financial statements using a national GAAP that is not based upon International Financial Reporting Standards (IFRSs). It is concerned about the impact of the change to IFRSs which is required by local legislation.
The company is particularly worried about the impact of IFRS in the following areas:
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2. The views of financial analysts.
Required:
Write a report to the company to address the above two areas.
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