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a. Discuss in detail about accounting standards. (4 Marks) I. Discuss in detail any four countries that have their own national accounting standards. II. Explain

a. Discuss in detail about accounting standards. (4 Marks)
I. Discuss in detail any four countries that have their own national accounting
standards.
II. Explain the advantages for stakeholders in adopting IFRS.
III. Explain the challenges faced stakeholders in adopting IFRS.
IV. Discuss about any two IFRS that replaced old IAS. Identify the changes between
old IAS and new IFRS.

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