Critically analyze the above statement, considering international differences in accounting, the comparability of international accounting, and the arguments for and against harmonization.

Critically analyze the above statement, considering international differences in accounting, the comparability of international accounting, and the arguments for and against harmonization. Support your answer with relevant literature and examples.

SUBMISSION INSTRUCTIONS:
The essay must be word-processed (double-spaced in 12-point relevant font such as Times New Roman or Arial).

Relevant references and articles (these should be used alongside your own research)

• Nobes, C. (2013). The continued survival of international differences under IFRS. Accounting and business research, 43(2), 83-111.

• Durocher, S., & Gendron, Y. (2011). IFRS: On the docility of sophisticated users in preserving the ideal of comparability. European Accounting Review, 20(2), 233-262.
• Nobes, C. (2011). IFRS practices and the persistence of accounting system classification. Abacus, 47(3), 267-283.
• Lehman, G. (2005). A critical perspective on the harmonisation of accounting in a globalising world. Critical Perspectives on Accounting, 16(7), 975-992.
• Goeltz, R. K. (1991). International Accounting Harmonization: The Impossible (and unnecessary dream). Accounting Horizons, 5(1), 85.