While until recently accounting standards were developed by home-country organizations for use by domestic companies,countries in (at least)the European Union based their standards on a common philosophy and shared financial reporting objectives.

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The Answer of While until recently accounting standards were developed by home-country organizations for use by domestic companies,countries in (at least)the European Union based their standards on a common philosophy and shared financial reporting objectives.

While Until Recently Accounting Standards Were Developed by Home-Country Organizations