Use inductive or deductive methods to correlate Germany's history with its financial reporting standards.

Requirements:

1. Identify historical events that led to the implementation of current standards.
2. Analyze how these events and standards are correlated and the impact that they have on the accounting profession in Germany today.
3. Evaluate what outcomes (both positive and negative) have stemmed from the implementation of these standards and the challenges that remain unsolved in Germany's accounting environment.