Companies around the globe have moved to, or are in the process of moving to, IFRS. Evidence has shown that it is preferable to adopt IFRS in its entirety, with no deviations from the standards. This chapter shows how much the legal environment affects the accounting for shares. Different countries will have differing legal systems and environments, which may affect the accounting on a country-by-country basis. 

Instructions 

Discuss the issues raised in the paragraph above in terms of adopting IFRS.