In what year did the country adopt IFRSs?

Part A
1. Choose a country that has adopted IFRSs (i.e. global accounting standards) for at least 3 or more years,
as revealed in the accounting literature, and discuss the following:
I. In what year did the country adopt IFRSs?
II. Were the IFRSs introduced all together (at once), or gradually into the local accounting standards of
your chosen country? Explain the possible reason.
III. Discuss the benefits and challenges reported in the literature about the adoption of IFRSs in your
chosen country.
2. Choose a publicly listed company from your chosen country above that you can access their annual report,
including financial statements and notes to the accounts. (e.g. Choose a company that is listed in the Australian
Securities Exchange (ASX) if you chose Australia; or Hong Kong Exchange if you chose Hong Kong etc.). Find
and download the financial statements for two (2) years as follows:

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