Answered: What factors lead to differences…

What factors lead to differences between countries? What are the implications for the IAS? Are the differences such that it is not appropriate for all countries to adopted IAS? Discuss

International Financial Management

14th Edition

ISBN:9780357130698

Author:Madura

Publisher:Madura

Chapter13: Direct Foreign Investment

Section: Chapter Questions

Problem 7QA

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. What factors lead to differences between countries? What are the implications for the IAS? Are the
differences such that it is not appropriate for all countries to adopted IAS? Discuss

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QUESTION 2 a. Many countries are adopting IFRSs although they are not under compulsion to do so. Someare however reluctant to adopt IFRSs. State and explain briefly five (5) factors or reasonsthat may influence a country’s decision to adopt IFRSs.