Question

The IASB has achieved great success in extending the adoption of international financial reporting standards and harmonising financial

reporting practice across the globe.

Required:

Using Nobes (2013) and Yip and Young (2012) and any other relevant academic materials, critically discuss to what extent IFRS contributes

to the international harmonisation of financial reporting.

References:

Nobes, C. (2013) The continued survival of international differences under IFRS. Accounting and Business Research, 43 (2), 83-111.

Yip, R.W.Y and Young, D (2012) Does Mandatory IFRS Adoption Improve Information Comparability? The Accounting Review, 87 (5), 1767-1789.