In countries where capital is typically provided by a broad base of external investors,financial reporting practices tend to be different from those found in countries where capital is primarily provided by banks or the government.

Question

Quizplus · Accepted Answer

Countries with a broad base of external investors tend to have more developed financial markets and greater demand for transparency and accountability, which leads to different financial reporting practices compared to countries where capital comes primarily from banks or the government.

In Countries Where Capital Is Typically Provided by a Broad