As of January 2018, 144 countries have made the use of International Financial Reporting Standards (IFRS) standards as a requirement for financial reporting of domestic companies. What is required in a 2-3 page report (excluding title page and references) in APA format analyzing the likely reasons that prevent the selected country to permit the use of IFRS by domestic companies?
a) An evaluation of the impact of IFRS on global financial markets.
b) A comparison of IFRS with other accounting standards such as GAAP.
c) An analysis of the likely reasons preventing the adoption of IFRS by domestic companies in the selected country.
d) A review of case studies illustrating successful implementation of IFRS in various industries.