Discussion Post: New IASB Leader Embrances Challenges
Instructions
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 to 3 pages answer the following questions:
• 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.
• Did the country adopt IFRS or did they make changes to IFRS to adapt to their country's culture or regulations?
• Has IFRS adoption made it easier for companies in that country to access the capital markets?
• Based on your research regarding your selected country, should the US SEC mandate adoption of IFRS? Why or why not?
• What is your personal opinion regarding whether the US SEC should mandate the adoption of IFRS?
The response should include a reference list. Using one-inch margins, Times New Roman 12 pnt font, double-space and APA style of writing and citations.