Gray proposed a framework linking culture and accounting. He predicts four accounting values (professionalism, uniformity, conservatism, and secrecy) based on Hofstede’s four cultural dimensions (individualism, uncertainty avoidance, power distance, and masculinity). Exhibit 2-2 has Gray’s predictions and also notes that individualism and uncertainty avoidance are expected to have the most significant influence on accounting values.

Required:
a. Go to Hofstede’s Web site (www.geerthofstede.com/hofstede_dimensions.php) and find the individualism scores for the following 10 countries: China, the Czech Republic, France, Germany, India, Japan, Mexico, the Netherlands, the United Kingdom, and the United States.
b. Characterize the individualism scores as high, medium, or low.
c. Based on your characterizations in the preceding item, predict Gray’s four accounting values for the 10 countries.