Disadvantages of accounting standards in brief
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Disadvantage of accounting standards are--
1* Differences in accounting standards are bound to be because of differences in the legal system and traditions from one country to another.
2* Accounting standards have less flexibility or rigid in nature.
3* Accounting standards have lot of time consuming.
4*Accounting standards cannot override the law.
1* Differences in accounting standards are bound to be because of differences in the legal system and traditions from one country to another.
2* Accounting standards have less flexibility or rigid in nature.
3* Accounting standards have lot of time consuming.
4*Accounting standards cannot override the law.
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