Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

As of January 2018, 144 countries have made use of International Financial Reporting Standards (IFRS) standards as a requirement for the financial reporting of domestic

As of January 2018, 144 countries have made use of International Financial Reporting Standards (IFRS) standards as a requirement for the financial reporting of domestic companies. It is a great achievement for IFRS, but still there are several countries that have not yet permitted the use of IFRS by domestic companies. Select any one of (China, Egypt, Bolivia, Guinea-Bissau, Macao, and Niger ) countries and analyze the likely reasons that prevent the selected country to permit the use of IFRS by domestic companies. See below for the recommended format of your report.

  1. Introduction (Briefly describe what IFRS is and its need and what you are going to discuss in the report).
  2. Discuss the likely reasons. Give each reason a suitable subtitle.
  3. Discuss if the selected country has partnered with IASB to converge accounting standards.
  4. Conclusion should flow from the main body of the report (point #2&3) and may have any recommendation.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Introduction International Financial Reporting Standards IFRS are a set of accounting standards developed by the International Accounting Standards Board IASB to provide a common global language for b... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Document Format ( 2 attachments)

PDF file Icon
663daa59e3a98_963798.pdf

180 KBs PDF File

Word file Icon
663daa59e3a98_963798.docx

120 KBs Word File

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals of Financial Management

Authors: Eugene F. Brigham, Joel F. Houston

Concise 6th Edition

324664559, 978-0324664553

More Books

Students also viewed these Finance questions