Accountancy, asked by Fawaz1913, 11 months ago

Difference between harmonization and convergence of accounting standards

Answers

Answered by rajkumarprasad7599
2

Answer: hey mate here is your answer

Explanation:

International Harmonization refers to the process which aims at elimination of differences between existing accounting standards. ... Convergence means working with other standard setting bodies to develop a new or revised standard that will contribute to the development of single set of accounting standards worldwide.

hope its helpfull for you

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