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Why should there be universal accounting procedures

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Reference no: EM133008237

Problem 1: Why should there be universal accounting procedures?

Option 1: To ensure conformity to U.S. standards of ethics
Option 2: To allow stakeholders to interpret and compare financial statements accurately
Option 3: To allow for the international promotion of CPA
Option 4: To prevent fraudulent business operations
Option 5: To ensure all multinational firms report information accurately

Reference no: EM133008237

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