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Answer the question below? 1. Why is IFRS important in accounting? 2.. Who gains the most from convergence and their informal, discretionary and spatially diverse

Answer the question below?

1. Why is IFRS important in accounting?

2.. Who gains the most from convergence and their informal, discretionary and spatially diverse modes of co-ordination, and what are the roles of other international organizations in this process?

3. What is international comparability?

4. does Globalization affect business?

5. What is international convergence?

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

7. How does adopting IFRS benefit the Pacific Island Countries?

8. What is standardized accountability?

9.What is multiple stakeholder?

10.What is the purpose of IASB?

11. Who are the Big 4 Accounting firms in Fiji ?

12. Why is it difficult to implement IAS 41 in Fiji?

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