Read “New IASB Leader Embraces Challenges”. Choose a country that has already adopted IFRS. And then answer the following questions:

1. Describe the process that your selected country went through to adopt IFRS, such as how long it took for the country to fully adopt IFRS.

2. Did the country adopt IFRS or did they make changes to IFRS to adapt to their country’s culture or regulations?

3. Has IFRS adoption made it easier for companies in that country to access the capital markets?

4. Based on your research regarding your selected country, should the US SEC mandate adoption of IFRS? Why or why not?

5. What is your personal opinion regarding whether the US SEC should mandate the adoption of IFRS?

Answer rating: 100% (QA)

1 At the global sector IFRs are a single set of standards accounting at a worldwide level Standards of accounting are actually trustworthy statement which reflect the financial statement that to be pr... View the full answer