This study uses an interview approach in order to ascertain individual and institutional preparation for implementing IFRS into curricula. This is an important issue, due to the eventual adoption of IFRS by the United States. The participants in the study indicate that neither individuals nor institutions have a high level of readiness for teaching IFRS. The study then covers the implications of these findings and suggests future research possibilities.

A "reverse merger" (RM) has become a popular transaction that allows a private company to take over a publicly traded firm and obtain their exchange listing. RMs have significantly outnumbered IPOs as a mechanism for going public in the U.S. since 2002. Moreover, foreign firms entering the U.S. have accounted for over 40% of RMs taking place on U.S. exchanges from 2008-2013, as compared to approximately 10% of all cross-listings and 7% of all IPOs during the same period. Chinese firms have been participants in 63% of all foreign RMs since 2008. This study is the first to focus on foreign and domestic RM's use of PIPEs (Private Investment in Public Equity). When compared to RMs transacted between two U.S. firms, this analysis finds Chinese firms who engage in RMs through the use of PIPES (traditional and structured), on average, 1) raise over 400% more initial investment, 2) experience higher post-merger market capitalization valuations at closing and post-merger, 3) take place on higher level U.S. stock exchanges, 4) have a higher rate of survival (influenced by sector) and 5) experience significantly better short and long-term buy and hold returns.