Development of IFRS

As a manager, you feel it is important for the new hires to understand the reasons for the development of IFRS. Your new hires have been discussing the legal systems contribution to the accounting rules of different countries. To illustrate your point, do the following:

· Explain at least 2 causes or reasons for international differences in accounting.

· Compare the accounting systems in 2 countries with differing legal systems. Explain why each country's system is the way it is.

· Highlight the similarities and differences between the 2 countries' sets of accounting systems.

· *** Fully develop your findings in a 900-1200 Words, and be sure to format your paper and cite your research sources as per APA guidelines.