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International Accounting 20 marks a) Singapore has chosen to adopt the International Financial Reporting Standards. Discuss TWO (2) advantages and TWO (2) disadvantages for Singapore.
International Accounting 20 marks a) Singapore has chosen to adopt the International Financial Reporting Standards. Discuss TWO (2) advantages and TWO (2) disadvantages for Singapore. (10 marks) b) What would be your recommended strategy for achieving greater harmonisation in the adoption of international accounting standards in your country? Outline and discuss FOUR (4) specific steps that you would take to facilitate the standardisation and harmonisation of international accounting standards in your country. (10 marks)
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