Country Differences in Accounting Standards. Read Closing Case: Adopting International Accounting Standards at the end of chapter 19 and write a 2-3 page paper in APA format with a detailed analysis that answers the following questions:
- What are the benefits of adopting international accounting standards for (a) investors, and (b) business enterprises?
- What are the potential risks associated with a move toward the adoption of international accounting standards in a nation?
- In which nation is the move to adoption of IASB standard likely to cause the revisions in the reported financial performance of business enterprises, the United States or China? Why?