Question: Identify the factors to explain why different countries have different accounting practices and systems of accounting. In the context of financial accounting practices, what is

Identify the factors to explain why different countries have different accounting practices and systems of accounting. In the context of financial accounting practices, what is harmonisation versus standardisation? Elaborate on the pros and cons in practising each of this approach. (Topic: International Accounting)

I need answer for This part ( Elaborate on the pros and cons in practising each of this approach)

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