The trustees of the IFRS Foundation reiterated and confirmed the organization's vision in their 2012 Strategy Review Report:

We remain committed to the belief that a single set of International Financial Reporting Standards (IFRS) is in the best interests of the global economy, and that any divergence from a single set of standards, once transition to IFRS is complete, can undermine confidence in financial reporting.

Paul Pacter, in his 2015 article "The global reach of IFRS is expanding on the IFRS website (www.ifrs.org/Features/Pages/ Global-reach-of IFRS is expanding.aspx), provides a snapshot of the extent to which the international standards are beingused by jurisdictions around the world.

Instructions
Locate this and other articles, if necessary, using them torespond to the following questions:

(a) Explain the extent to which IFRS standards were beingused in 2015, separately identifying whether their use wasconcentrated in specific areas of the world.
(b) Explain the difference between adoption of IFRS and convergence with IFRS.
(c) Provide a summary of what position has been taken bythe following countries regarding the adoption of IFRS:China, the United States, Japan, India, and Saudi Arabia.