Which of these is a future direction in accounting and auditing?
A)The convergence of international accounting standards and the FASB standards
B)An improvement in the quality of international auditing standards and their increased acceptance
C)An increase is sustainability accounting and reporting
D)All of the above

Question

Quizplus · Accepted Answer

All of the options mentioned are future directions in accounting and auditing. The convergence of international accounting standards and the FASB standards will lead to greater consistency in financial reporting across countries. An improvement in the quality of international auditing standards will enhance the credibility of financial statements. The increasing importance of sustainability reporting reflects the growing focus on sustainable development and environmental, social, and governance issues by investors and other stakeholders.

Which of These Is a Future Direction in Accounting and Auditing