ACCT525 week 2 New IASBLeader Embraces Challenges
Read “New IASB Leader Embraces Challenges” which
can be accessed through the DeVry online library. Choose a country that has
already adopted IFRS. In 2-3 pages (12-pt type, double-spaced) answer the
following questions:
1. Describe the
process that your selected country went through to adopt IFRS, such as how long
it took for the country to fully adopt IFRS.
2. Did the country
adopt IFRS or did they make changes to IFRS to adapt to their country’s culture
or regulations?
3. Has IFRS
adoption made it easier for companies in that country to access the capital
markets?
4. Based on your
research regarding your selected country, should the US SEC mandate adoption of
IFRS? Why or why not?
5. What is your
personal opinion regarding whether the US SEC should mandate the adoption of
IFRS?
Don’t forget to submit your assignment.
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