Intermediate Accounting 14th Edition

Published by Wiley
ISBN 10: 0470587237
ISBN 13: 978-0-47058-723-2

Chapter 1 - IFRS Insights - IFRS Concepts and Application - Instructions - Page 39: IFRS1-5c

Answer

i. Anti-convergence politics at country level. ii. Unwillingness to give up on the current standards and frameworks that have been utilized for long due to preference for a status quo. iii.Pressure/lobbying from interest groups (with divergent interests) in various countries.

Work Step by Step

i. Anti-convergence politics at country level. ii. Unwillingness to give up on the current standards and frameworks that have been utilized for long due to preference for a status quo. iii.Pressure/lobbying from interest groups (with divergent interests) in various countries.
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