Cross-country differences in financial reporting arises from which of the following:

		cultural differences.
		how companies obtain financial capital.
		different reporting philosophies across countries.
		all of the above.

1. All of the following are included in the IASB stated goals EXCEPT:

   		to promote and facilitate the adoption of IFRS through the convergence of national accounting standards.
   		to take account of the financial reporting needs of emerging economies and small and medium-sized entities.
   		to provide a common standard in detecting, measuring, and reducing problems related to insider trading.
   		to promote the use and rigorous application of the standards it develops.