Accounting Case - IFRS

A client has a business in Iraq. It is 100% owned as a U.S.-owned investment. What are some of the considerations that I need to take in regards to preparing financial statements to potential investors that are based here in the U.S. Also, if the company is U.S. based but later acquired by a business man from Dubai, would I need to convert the financial statements to IFRS for Dubai reporting purposes?

In your answer, document all steps thoroughly. An opinion is just that, an opinion. Documentation is the key in order to substantiate your answer.

It should be of minimum 150 words with atleast one academic reference, APA style