As of January 2018, 144 countries have made use of International Financial Reporting Standards (IFRS) standards as a requirement for the financial reporting of domestic companies. It is a great achievement for IFRS, but still there are several countries that have not yet permitted the use of IFRS by domestic companies. Select any one of (China, Egypt, Bolivia, Guinea-Bissau, Macao, and Niger ) countries and analyze the likely reasons that prevent the selected country to permit the use of IFRS by domestic companies. See below for the recommended format of your report.

2. Introduction (Briefly describe what IFRS is and its need and what you are going to discuss in the report).
4. Discuss the likely reasons. Give each reason a suitable subtitle.
6. Discuss if the selected country has partnered with IASB to converge accounting standards.
8. Conclusion should flow from the main body of the report (point #2&3) and may have any recommendation.
10. 
    

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Introduction International Financial Reporting Standards IFRS are a set of accounting standards developed by the International Accounting Standards Board IASB to provide a common global language for b... View the full answer