Explain any differences between the accounting standards/system used in the country under review and International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB).

You are required to prepare an academic essay considering the following: Select one of the following countries: • Egypt Tasks: ➢ Identify the nature of the accounting system used in the country and give supporting evidence to justify the reasons for your decision. ➢ Explain any differences between the accounting standards/system used in the country under review and International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB). ➢ Critically discuss whether you believe these differences cause major issues from the viewpoint of global stakeholders. ➢ Evaluate whether the current position, and any near future changes are likely to lead to issues regarding the country achieving full convergence with IFRS as issued by the IASB.