Distinguish between standardisation and harmonisation?
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ABSTRACT The main difference between harmonization and standardization processes lies in the degree of strictness of the accounting standards. Harmonization involves a reduction in accounting variations, while standardization entails moving towards the eradication of any variation.
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ABSTRACT The main difference between harmonization and standardization processes lies in the degree of strictness of the accounting standards. Harmonization involves a reduction in accounting variations, while standardization entails moving towards the eradication of any variation.
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