Question 1: Does the adoption of IFRS by different countries necessarily mean that the accounting procedures and
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Question 1: Does the adoption of IFRS by different countries necessarily mean that the accounting procedures and practices they adopt will be consistent and comparable internationally? Explain your answer.
Question 2: Accountants are supposed to be objective, which is free from bias. So, why is it necessary for accounting standard setting bodies to consider culture and religion while making accounting regulation? Please explain your answer with appropriate example
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