The Case of Phar-Mor Inc and other

Read "New IASB Leader Embraces Challenges" which can be accessed through the DeVry online library. Choose a country that has already adopted IFRS. In 2-3 pages (12-pt type, double-spaced) answer the following questions:

1. Describe the process that your selected country went through to adopt IFRS, such as how long it took for the country to fully adopt IFRS.
2. Did the country adopt IFRS or did they make changes to IFRS to adapt to their country's culture or regulations?
3. Has IFRS adoption made it easier for companies in that country to access the capital markets?
4. Based on your research regarding your selected country, should the US SEC mandate adoption of IFRS? Why or why not?
5. What is your personal opinion regarding whether the US SEC should mandate the adoption of IFRS?

Don't forget to submit your assignment.

The Case of Phar-Mor Inc

Read "The Case of Phar-Mor Inc." which can be accessed through the DeVry online library. In 3-4 pages (12-pt type, double-spaced) summarize the case and answer the following questions:

1. Could SOX have prevented the Phar-Mor fraud? How? Which specific sections of SOX?
2. Research the Waste Management scandal from the late 1990's. Describe the scandal. Could SOX have prevented this scandal?
3. Research the Enron scandal from the early 2000's. Describe the scandal. Could SOX have prevented this scandal?