Convergence of international financial reporting standards

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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 (IFRS)

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 if your findings of Question 2 support (or reject) the convergence of IFRS.

Reference no: EM13339507

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