1. What obstacles have other countries faced with respect to adopting the nternational standards? Are there any common threads that the United States should be aware of as they move forward in the process?

2.Can the United States continue its movement on convergence to the standards without adoption? Why? Why not?

3. One of the features associated with the adoption of international financial reporting standards is the impact the standards would have on global markets. To that end, how does uniformity of the standards potentially increase global market share economically?

4. Globally the international financial standards are acceptable by many countries But have yet to be adopted by the United States, Japan, China which are three major markets.Why do you think that is occurring? Prof. Bender