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 Australian multinational companies.
C) removing barriers to international capital flows by reducing differences in financial reporting requirements and so increasing understanding by foreign investors of Australian reports.
D) all of the given answers

Question

Quizplus · Accepted Answer

all of the given answers are correct. International harmonisation of financial reporting standards helps to increase comparability of reports, reduces financial reporting costs for multinational companies, and removes barriers to international capital flows by reducing differences in financial reporting requirements and increasing understanding by foreign investors of reports.

The Main Benefits of International Harmonisation Are Said to Include