The group of IFRS integrated countries,which have greatly expanded
the use of IFRS beyond the limited mandate of the IAS Regulation, consists
primarily of smaller and formerly communist European countries.
The inclusion of Italy and Greece in this group may appear surprising,
but is based on these countries' legislative responses to the IAS Regulation.
Countries informed by Anglo-American accounting practice (UK
and Ireland) are not at the forefront of IFRS adoption, but included in
the IFRS leaning group. Scandinavian countries are also prominent in
this group of countries. Finally, the group of IFRS antagonistic countries,
which did not expand the use of IFRSmuch beyond the scope of the IAS
Regulation, is compromised largely of countries influenced by German
and French accounting practice