Choose an emerging country and research the strength of enforcement of financial accounting standards and reporting. Is there a lax attitude towards financial reporting, or weaknesses in the administrative mechanisms for enforcing standards? Is there government support or an inadequate level of organization for the accounting and auditing profession? Is there an effective government or quasi-government agency that monitors compliance of pertinent regulations to discourage widespread violations of extant regulations?

Please choose different country than India. And please provide your citations (references).