Discussion Post
Harmonization or convergence of accounting standards might not necessarily result in comparable financial statements internationally due to nation-specific factors such as culture. With the core values of responsible stewardship and integrity in mind, respond to the following question:
o Would the worldwide adoption of IFRS result in worldwide comparability of financial statements? Why or why not?
o What are the potential benefits that a multinational corporation could derive from international convergence of accounting standards?
The response must include a reference list. One-inch margins, double-space, Using Times New Roman 12 pnt font and APA style of writing and citations.