Please answer the below by number and submit in a word document. Be careful, make sure to avoid plagiarism and to use quotation marks and proper citation as required. Length should be 250 words and double-spaced. Use APA format for citations and the required References page. Remember that the significant portion of your analysis should be in your own words. 

1) What do you think the impact of this particular topic might be on domestic companies if the United States ultimately adopts IFRS?

2)   What are your thoughts on the potential adoption of IFRS? 

3)  What is the disclosure initiative? Are they trying to reduce the number of disclosures in the financial reporting package?