Financial reporting practices are unlikely to converge globally, despite efforts to harmonize financial reporting standards, '' (adapted from Leuz, 2010).

Explain and critically discuss this statement in light of obstacles to uniform IFRS adoption across different countries and regions. Support your discussion with examples and insights from different academic studies.

I had asked the question earlier and got the half answer. Pl complete the remaining part.

In need the remaining part "what are international obstacles (government, economic factors, laws etc) that make it hard to streamline between all countries."

Pl answer in atleast 200 words. Pl be original as the college has softwares to check.