In 2018, Chairman of the IASB Hans Hoogervorst stated, "Since 2001, an ever-increasing number of jurisdictions have adopted our Standards.... Different jurisdictions have chosen different paths to IFRS. For most jurisdictions, the 'big bang' approach... Other jurisdictions, such as China and India, have achieved substantial convergence between their national accounting requirements and IFRS Standards, although some differences remain. Japan took yet another road to IFRS adoption... decided to 'let the market decide". REQUIRED: Write and discuss at least four points to support the case for global accounting standards. (4 Marks)