It is argued that culture (Wong, 2004) and non-compliance with IFRSs (Ali, 2005) are two major barriers to harmonize accounting standards globally.

(a) Briefly discuss the above statement in the Introduction section.

(b) Do you agree that culture can be a barrier to harmonize accounting standards throughout the world? Discuss with examples and provide your own comments.

(c) Do you think that the compliance with IFRS is essential to harmonize accounting standards globally? What are the reasons for noncompliance with IFRS? Discuss with examples.

(d) Do you think harmonization of accounting standards is possible? Justify your answer.

(e) Summarise the above questions (a-d) in the Conclusion section.

Answer in detail please. Thank you.