A huge concern seems to be in the harmonization of accounting practices and standards. If the accounting
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Question:
A huge concern seems to be in the harmonization of accounting practices and standards. If the accounting standards were the same all over the world, then surely understanding financial statements would be easier.
Critically evaluate this statement, showing what are the difficulties of harmonization.
Expert Answer:
Accounting standards are a collection of ideas norms and practices that form the ... View the full answer
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