Financial statements (international accounting standards board)

Word limit of 1000 words (excluding bibliography)

Required

Write an essay covering both part a) and part b) below:

a)Outline the structure and functions of the IASB (Internation Accounting Standards Board). (20 marks)

b) Now that all EU listed companies must comply with international accounting standards, investors will have no problems making comparisons between sets of accounts
Evaluate this statement, highlighting and explaining any problems which still remain. (30 marks)