Accounting Theory – International Financial Reporting Standards

Read the article compiled by one of the big accounting firms (KPMG) to address the following issue. Global standardization requires the United States (US) to adopt IFRS – International Financial Reporting Standards. What do you think are some of the influences/factors that might discourage it from fully implementing or adopting IFRS? You are required to critically explain, discuss and evaluate the validity and the rationality of the argument.










Sample Solution