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By which accounting standards are the financial statements prepared for the company Amazon?

By which accounting standards are the financial statements prepared for the company Amazon?

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Answer #1

In June 2000 it has been proposed by the European commission that all the listed companies of Europe should prepare their consolidated financial statements in accordance with International Accounting Standards.

Therefore, the financial statements prepared by Amazon are in accordance with International Financial Reporting Standards IFRS).The main objective of IFRS is to bring harmony, transparency, accountability and efficiency in the financial markets all over the world.

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