What does Accounting harmonization mean? Differentiate harmonization from convergence or adoption. Explain few benefits of global adoption of IFRSs.
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What does Accounting harmonization mean? Differentiate harmonization from convergence or adoption. Explain few benefits of global adoption of IFRSs.
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- What are the problems caused by lack of integration? Expalin.Explain how materiality differs for failure to follow GAAP and for lack of independence. (Better explanation)describe the structure of codification. Codification of accounting standards reduces the time and effort of researching the vast database of GAAP. Do you agree?
