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Describe ethical dilemma for disclosing legal liabilities

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Question - Describe the ethical dilemma for disclosing legal liabilities, and the options for accountants. Does this change culture to culture? How would the country of operations, for example the United States where litigation is more common compared to other countries around the world, potentially impact the disclosure? Does this potentially impact the comparability of financial statements?

Reference no: EM133061781

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