Research topic: Convergence of international financial reporting standards
1. Your essay needs to address the following questions:
A. Critically review literature on arguments for and against global convergence of international financial reporting standards (TJFRS)
B. Identify two listed companies: one from Australian Securities Exchange (ASX) and the other from New York Stock Exchange (NYSE); and analyse the accounting policy statement in their annual reports for the reporting year 2012
C. Discuss i f your findings of support (or reject) the convergence of IFRS.