A critic of the IFRS said, since there is no one government enforcer of accounting rules, the
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A critic of the IFRS said, "since there is no one government enforcer of accounting rules, the IFRS is different from country to country. So, the idea of a single unified accounting standard is an illusion. Each country has its own IFRS." Give a concise response to this criticism. You may present arguments for/against/or both. Are there mechanisms other than government enforcement that can help to ensure the quality of accounting?
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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