(a) Read the condition “10 years on, are interdiplomatic standards helping financial reporting?” by Ram Subramaniam.
In 350 vote or close, summarise the condition citing the reasons on whether IFRS has delivered on its assurance of neat financial reporting. What are some of the suggestions made to imagine a over fruitful financial reporting rule?
(b) Read the condition “Do financial statements tranquil substance?” by Jan McCallum. https://www.intheblack.com/articles/2017/12/19/financial-statements-still-matter
According to Lev and Gu, in today’s employment environment, are financial statements tranquil appropriate? Why? What has radical? Explain. According to some Australian researchers, there are differences between the usefulness of financial statements in Australia and the United States. Highlight these differences and expound the reasons for them.
(c) Read the condition “The propel to ameliorate message in financial reporting” by Ram Subramaniam.
The IASB is urgent on neat the message prize of financial statements. What are some of the ordinary problems and what strategies are they adopting to discourse these weaknesses? Explain.
The overall vocable designation for Section A is 1,100 vote. Vote in intemperance of this designation succeed not be conspicuous.