The main benefits of international harmonisation are said to include:
A)increasing the comparability of financial reports prepared in different countries so that capital ultimately flows to entities that can use it the most productively.
B)reducing the financial reporting costs for multinational companies.
C)removing barriers to international capital flows by reducing differences in financial reporting requirements and so increasing understanding by foreign investors of reports.
D)all of the given answers

Question

Quizplus · Accepted Answer

All of the given answers are correct. International harmonisation of financial reporting standards has numerous benefits, including increasing comparability, reducing costs for multinational companies, removing barriers to international capital flows, and improving understanding of financial reports by foreign investors.

The Main Benefits of International Harmonisation Are Said to Include