discussion

 Harmonization or convergence of accounting standards might not necessarily result in comparable financial statements internationally due to nation-specific factors such as culture. With the core values of responsible stewardship and integrity in mind, respond to the following question:

Would the worldwide adoption of IFRS result in worldwide comparability of financial statements?  Why or why not?     

What are the potential benefits that a multinational corporation could derive from international convergence of accounting standards?

**Please use 2 APA Citation.