+1 862 207 3288 Original instructions: “There is a growing recognition that country specific accounting standards inhibit the flow of capital in the international market. The role of the International Accounting Standards Board (IASB) is to develop a single set of accounting standards to be applied worldwide. You should write a paper discussing the IASB and the resulting standards. Your paper should include an assessment of the level of influence/acceptance the IASB has gained, the pros and cons of international standard setting, and an assessment of problems that need to be overcome before international accounting standard setting is a reality worldwide. You should include a short history of the IASB and international standard setting in general.”
You can use any political, ethics, economic, marketing views to support the paper. You can use any news or paper that you found from the internet, newspaper, popular press. You can also relate the case with small countries. Analyze what United State should do with this international accounting standard setting trend. This paper should try to influence the process, explain what had happen in the past, and give the opinion. Please think critical about it, and have evidence to prove that.
