IASB has issued International Financial Reporting Standards (IFRS) that are being adopted by nations all over the world. Please read the IASB chairman’s speech at an event hosted by the Accounting Standards Board of Japan about the adoption of IFRS Standards around the world on 29 August 2018 in Tokyo. You can access the full speech by using the following link: https://www.ifrs.org/news-and-events/2018/08/chairmans-speech-japan-and-ifrs-standards/ Critically discuss any issues raised in relation to IFRS adoption around the world. The objective of the assignment is to develop your critical thinking, technical research, and written communication skills. You need to investigate and analyze accounting literature and recent developments on IFRS adoption. You are required to use extensive references to support your discussion.

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Introduction In the past few years many developed and developing countries have adopted IFRS as their basis for financial reporting Internationalization would more specifically reduce the diversity in ... View the full answer