1. Is it realistic to assume, in accordance with public interest theory', that the regulators will not be driven by their own self-interest when designing regulations?

2. If individuals have access to insider information and are able to make large gains on a securities market as a result of using information that is not widely known, then is this an indication that the market is inefficient?

3. What are some perceived benefits that flow from the decision that a country will adopt IFRS?