Similarly, many other countries are either planning to adopt international
accounting standards or they have in fact already adopted them. That said,
implementing international accounting standards can not be easy.
As different
countries have different languages, it may prove challenging to implement
international accounting standards as not all international accounting standards
have been translated into the various languages. Thus, as many regulators and
accountants may not be sufficiently familiar with both the language in which
international accounting standards are drafted, they may not be able to
incorporate them while implementing national accounting standards.