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Cultural Revolution highlights some of the challenges that China faces as it moves towards the adoption of International Accounting Standards. These challenges include, but are not restricted to, societal, cultural and accounting issues. Required: Carefully read Cultural Revolution. (2007), Cultural Revolution, The Economist, pp. 63-64) found here: https://www.economist.com/node/8522275 Referring to the article, critically discuss any issue raised(Murder by numbers,Beansprout counters) in it. (For example, you might wish to argue that China will find it easy to adopt International Accounting Standards, or the converse.)
Word limit-300(excluding references)
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