Discuss possible factors that contribute to these difference

Assignment Help Accounting Basics

Reference no: EM13129933

The process by which accounting standards has evolved over time worldwide differs significantly from country to country based on many factors.
(1) Discuss possible factors that contribute to these differences in accounting standards.
(2) list the possible benefits from harmonizing accounting standards worldwide through the efforts of the International Financial Reporting Standards (IFRS).

Reference no: EM13129933

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