Research topic:

Accounting standard setting has always been a complex political process. The members of accounting standard setting boards are selected based on their relevant education, expertise and experience. Accounting standard setting in many countries is now regulated by the government intervention. International Accounting Standards IAS (now known as International Financial Reporting Standards-IFRS) are adopted in wider jurisdictions (in many countries). Some countries did not make full adoption of IFRS but converged their domestic standards with IFRS. Also there are other factors for which the application of IFRS may not be in the same fashion in the jurisdictions of the International Accounting Standards Board (IASB).

Major requirements:

i. Undertake a review of literature and discuss in detail, with adequate examples, why accounting standard setting has always been a complex political process