Accountancy, asked by awaiskazmi0014, 4 months ago

“Adoption of IFRS by different countries mean their accounting practices and procedures are also consistent and can be compared internationally.”

Answers

Answered by Anonymous
4

Answer:

Worldwide adoption of particular accounting standards (such as IFRS) does not necessarily mean they will be implemented, monitored and/or enforced uniformly across all countries. ... Currently, there is no international body that has the authority to enforce the application of a global set of accounting standards.

Similar questions