IFRS are adopted as issued by the IASB? It further raises the question how it came to
Question:
IFRS are adopted as issued by the IASB? It further raises the question how it came to be that the IFRS are now used worldwide. In this context, the research paper shall, in a first step, examine why the EU decided to adopt the IFRS and what spill over effects the EU’s decision had on other countries. In a second step, other countries (at least three outside of the EU) shall be examined to explore the differing reasons for IFRS adoption around the world. In a third step, the research paper should clarify whether all countries adopting IFRS actually apply the IFRS as set by the IASB. The aim of the research paper is to use existing academic literature to assess why countries decide to adopt IFRS and in what form. Particular attention should be paid to financial, economic and social factors.
Introduction to Financial Accounting
ISBN: 978-0133251036
11th edition
Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick