The Below are the question:

Critically examine the possibility of the global accounting standard in helping companies and investors operate across national borders. Critically evaluate the progress and challenges of global accounting standards from 2014 to the current period.

The objective is to critically examine the extent to which open international markets exist. Need to critically examine the benefits of global finance and the need to have global accounting standards for the efficient function of the open international markets.

In addition, it is require to critically identify and make recommendations for changes to the existing regulatory system to make accounting more socially responsible.

Sources can be from journal article or any relevant website.