CourseLover

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Teaching Since: May 2017
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  • MCS,MBA(IT), Pursuing PHD
    Devry University
    Sep-2004 - Aug-2010

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  • Assistant Financial Analyst
    NatSteel Holdings Pte Ltd
    Aug-2007 - Jul-2017

Category > Business & Finance Posted 14 Dec 2017 My Price 10.00

potential reasons for not adopting IFRS in the US

Question 1 Although a number of countries have adopted International Financial Reporting Standards (IFRS), the United States has not yet decided to adopt IFRS into the financial reporting practices. Hail et al. (2010a, 2010b) argue that the adoption of IFRS is unlikely to improve reporting quality, increases transaction costs and potentially enhances comparability for US firms. Required: (a) Critically evaluate the above statement. (b) What are the potential reasons for not adopting IFRS in the US? (c) Do you think that the US will adopt IFRS in the near future? Note 1: Word limit for Question 1 is 1,500. Note 2: Professional marks will be awarded for format, clarity and expression. Note 3: The presentation of Question 1 should include Introduction, Discussion, Conclusion and List of references.

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Status NEW Posted 14 Dec 2017 07:12 AM My Price 10.00

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