Subject: International Accounting Company: Fiat 1. Describe broadly the world market shares in this industry. Is this industry an “IFRS dominant”…

Subject: International Accounting

Company: Fiat

1. Describe broadly the world market shares in this industry. Is this industry an “IFRS dominant” industry or do most major companies use U.S. GAAP or other GAAPs?

2. In light of your answer to the previous question, do you think that a U.S. company in this industry will achieve significant comparability of its financial statements if it switches to IFRS?

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