Assessment 1: Research Essay
Due Apr 14 by 17:00 Points 30 Submitting a file upload Attempts 0 Allowed Attempts 1 Available Mar 6 at 10:00 – Apr 29 at 23:59
Assessment 1: Research Essay Marks: 30% Due date: Week 6 Friday by 5:00pm Assessment Details: 1000-1200 word essay (max 1200) DRAFT ASSIGNMENT MUST be emailed to the lecturer by Week 5 Friday
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“Nearly all of the jurisdictions (156 of the 166) have made a public commitment supporting a single set of high quality global accounting standards. Only Albania. Belize, Bermuda, Cayman Islands, Egypt, Macao, Paraguay, Suriname, Switzerland and Vietnam have not.” (www.ifrs.org G.)
Australia, along with Europe and a few other countries, was one of the initial adopters of IFRS for domestic purposes. In 2022, as found in the statement above, 156 jurisdictions have now adopted IFRS. Critically evaluate whether Vietnam should fully adopt IF. or whether they should continue their current program.
In your discussion please include (but don’t limit yourself to these points):
• Historical context of IFRS • Benefits/costs of IFRS adoption • Types of entities that will need to adopt
