Question 1: Harmonization or convergence of accounting standards might not necessarily result in comparable financial statements internationally due to nation-specific factors such as culture. With the core values of responsible stewardship and integrity in mind, respond to the following question: Would the worldwide adoption of IFRS result in global comparability of financial statements? Why or Why not?

Question 2: What are the potenntial benefits that a multinational corporation could derive from international convergence of accounting standards