As a result of increased globalisation
A)there has been less harmonization of accounting rules across countries
B)accounting rules have a more international reach
C)users of accounting information are more likely to be based in the same county as the business has its base
D)accountants need less familiarity with accounting rules of other countries

Question

Quizplus · Accepted Answer

Increased globalization has led to a more international reach of accounting rules, with the aim of achieving greater harmonization of accounting practices across different countries. This has been reflected in the increasing use of International Financial Reporting Standards (IFRS) as the global standard for financial reporting.

As a Result of Increased Globalisation