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why are the industrialized nations of the world moving toward standardization of accounting standards? Is the...

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Accounting

why are the industrialized nations of the world moving towardstandardization of accounting standards? Is the standardization agood idea? Why or why not?

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There has been a lot of work done in the industrialized nations in support of the work to develop a single set of highquality global accounting standardsie steps taken for the standardization of the accounting standards in the industrialized nations The industrialized nations of the world have economies that rely on the cross border transactions for their economies to grow and develop and this is increasing continuously and that also leads to an influx of international capital from other countries and investors across the world look for opportunities for    See Answer
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