1. Business
  2. Accounting
  3. some of the factors mentioned in their readings that contribute...

Question: some of the factors mentioned in their readings that contribute...

Question details

Some of the factors mentioned in their readings that contribute to the existing diversity with respect to financial reports are (1) legal systems, (2) taxes, (3) financial entities, (4) inflation, (5) economic and political aspects and (6) culture.

Select two of these factors that you consider to be the most problematic when trying to establish standards for international financial reporting. Defend your argument on why they can be considered big obstacles and in what way they can be overcome.

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution