Please choose the essay of six questions below: 1 Harmonization of International Accounting Ethical Standards is occurring and increased

convergence will likely occur in future years. However, results presented in Clements et.al (2009) demonstrated that currently no more than 50 % of IFAC member national accounting organizations have adopted the model code of ethics as their own. Why are IFAC less likely to have adopted it? What do you think that it satisfaction for international convergence in financial accounting and reporting standards? Please describes and critiques this statement with supporting others references using essays format not more than 2500 words.

2 The potential adoption of IFRS in the United States would be much more than technical accounting exercise. In other words the principles-based approach reflected in IFRS, will require future accountants and auditors to exercise professional judgments more often and greater degree than before. Do you agreed please demonstrate your answers with primary reasons. How its will be a challenging and/or a opportunity. Please provide your explanation with using other references as your supporting documents. In the format essays maximizes 2500 words.

3 Voluntary disclosure effects have relevance value to give information to investor and analyst. In fact, their results might simply reflect that firms manage their analyst relationship better. Whereas the objective of the disclosure is to improve the predictability of future earnings, some researches show that voluntarily information in the annual report in some countries (e.g. Denmark and the USA) does not improve investors ability to predict future earnings. Why and How please demonstrated in essay format not more than 2500 words. Additional applicable references will be appreciated.

4 The adoption of fair value accounting rules and stricter requirements on certain accounting issues are the reasons for the changes observed in accounting figures and financial ratios. Therefore, the adoption of IFRS changes the magnitude of the key accounting ratios. Could you give your detail arguments to support statements above? Please describe in 2500 words no more.

5 The FASB and the International Accounting Standards Board (IASB) have accelerated their joint projects on fair value measurements and on financial statement presentation and disclosure. Hwy? Do you think its the major reason to eliminate factors of the financial crisis? Please use another reference to develop you explanation. In essay format not more than 2500 words

6 The IFRS for SMEs is a significant development that may have real impact on the future accounting and auditing standards issued by organizations participating in the standards setting process. What and why is it important? How about in Indonesia accounting perspectives? Is that implication of IFRS for SMEs will be employed similarity like in the US? Explain in essay format and not more than 2500 words. Acceptable references will get higher mark