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:
- 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.
- Did the country adopt IFRS or did they make changes to IFRS to adapt to their country's culture or regulations?
- Has IFRS adoption made it easier for companies in that country to access the capital markets?
- Based on your research regarding your selected country, should the US SEC mandate adoption of IFRS? Why or why not?
- 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
- Could SOX have prevented the Phar-Mor fraud? How? Which specific sections of SOX?
- Research the Waste Management scandal from the late 1990's. Describe the scandal. Could SOX have prevented this scandal?
- Research the Enron scandal from the early 2000's. Describe the scandal. Could SOX have prevented this scandal?