The IASB can establish worldwide influence over financial reports even if China does not adopt the IASs. Discuss.

No further questions are provided in respect of this chapter as we feel students will benefit more from open discussion in seminars on the following topics:

(a) ‘The regulatory framework in the UK and other European countries is identical.’
Discuss.

(b) ‘The only influences on the regulatory framework of a country are the legal system and the language of a country.’ Discuss with particular reference to China.

(c) ‘Any moves towards European harmonisation of regulatory frameworks are doomed to failure.’ Discuss.
We would suggest that students are given the discussion topics before the seminar and asked to present information to support their arguments. Such information can be obtained by library and CD-ROM search and will aid students in the development of their information search skills. These discussion topics can also be given as summative assessment.