Critically examine the possibility of the global accounting standard in helping companies and investors operate across national borders. Critically evaluate the progress and challenges of global accounting standards from 2014 to the current period.

Below is the detailed brief for individual assessment

Your objective is to critically examine the extent to which open international markets exist. You should also critically examine the benefits of global finance and the need to have global accounting standards for the efficient function of the open international markets.

In addition, you should critically identify and make recommendations for changes to the existing regulatory system to make accounting more socially responsible.

Find out the extent of global accounting standards to which open international markets exist. Answer word is require thousand something.