Referring to the news article reproduced below Firms to fight writedown rules - New standards could wipe $50 billion from balance sheets

a)What is the basis of the G100's argument for wanting exemptions from the new rules proposed (at that time) by the IASB?

b)The article says: Try explaining to your bank manager that that $100 million asset is now worth zero,". You are the CFO of the company 'Brand Names Limited'. Explain to the Company's bank manager the effect of the change in the accounting for intangibles and how it will or won't impact the financial statements and Brand Names Limited's ability to repay its current borrowings.

c)What power does the IASB have to enforce Australian companies to comply with IFRS.