Question: What is the likely result when accounting rules are left up to professional ansociations rather than being legislated by governme bodies? Nery general accounting ndes

What is the likely result when accounting rules are left up to professional ansociations rather than being legislated by governme bodies?
Nery general accounting ndes are ortated, as in code law countries.
Werv dataled nies for pactice are oreated, as in cormon law countries
Wery general accounting rides are created, as in common law countries.
Wery detailed ndes for proctice are created, as in code lame courtries.
What is the likely result when accounting rules

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