1. Please read the attached articles related to the culture and accounting values and write brief summary on how Hofstedes cultural dimensions and Grays accounting values are related to and effecting the adoption of accounting standards.

Articles:

-The Cultural Aspect of Differences in Company Performance across Countries: Grays Accounting Values Contribute more than Hofstedes Original Cultural Dimensions

-The role of culture in accounting in the light of Hofstede's, Gray's and Schwartz's cultural dimensions theories: A literature review