Harmonisation is the "process of increasing the compatibility of accounting practices by setting bounds to their degree of variation" (Deegan and Unerman, 2011).

required

a) Discuss the advantages of harmonisation of international accounting standards and the possible barriers to harmonisation. (16 marks)

B different countries have differing responses to adoption of IFRS. Discuss the possible responses giving examples of countries to illustrate your answer. (9marks)