Interview Questions

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Question 1. In your opinion, what are the most significant advantages that Vietnam can enjoy from IFRS adoption or convergence? 2. In your opinion, what are the most significant disadvantages that Vietnam might bear from IFRS adoption or convergence? 3. In your opinion, what are the most significant challenges that Vietnam faces resulting from IFRS adoption or convergence? 4. What accounting issues are viewed as priority in the path to convergence between VAS and IFRS/IAS? 5. What is your personal opinion about IAS/ IFRS pathway for Vietnam in the next 10 years? 6. What following factors do you believe did or will influence the IFRS convergence decision of Vietnam? Please scale them from 1 (not very strong) to 5 (very strong). a. The pressures from Multinational Lending Agencies (i.e. World Bank, Asian Development, International Monetary Fund). Please describe. b. The pressures from Official Development Assistance (ODA) fund providers (i.e. Japan, Korean) c. The pressures from international professional bodies (i.e. International Federation of Accountants) d. The partnership with other transnationals professional bodies

Yes/No

Explanation

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Research Project: IAS/IFRS Convergence in Vietnam Interview questions Ms Duc Hong Thi Phan 2012

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Question which have strong member base (ACCA, CPA Australia) e. The strategy to attract more foreign investment capital from the Vietnamese government agencies (e.g. Foreign Investment Agency - Ministry of Planning & Investment) f. The lobby from the leading foreign invested companies in Vietnam to reduce the cost of preparing two sets of financial reporting

Yes/No

Explanation

g. The desire to enhance the global acceptance from the leading stock corporation in Vietnam 7. If convergence with IAS/IFRS was to occur, what form should you suggest it takes? See below. a. Replacing the national GAAP with IFRS, supplemented only for national issues not addressed in IFRS? b. Adopting IFRS into national GAAP on a standard-by-standard basis? c. Eliminating differences between IFRS and national GAAP by converging with IFRS standards when possible and practical. d. Other, please describe. 8. Should companies be allowed to voluntarily adopt IFRS/IAS supplemented only for issues not addressed in the current accounting legislation for financial reporting purposes?