Question

need to have common GAAP at international level​

Answer 1

Explanation:

GAAP is a common set of accounting principles, standards, and procedures that public ... Internationally, the equivalent to GAAP in the United States is referred to as International Financial Reporting Standards ... Compliance with GAAP.

Answer 2

Answer:

Globally comparable accounting standards promote transparency, accountability, and efficiency in financial markets around the world. This enables investors and other market participants to make informed economic decisions about investment opportunities and risks and improves capital allocation.