The mission statement of the Financial Accounting Standards Board includes a goal of promoting international comparability of accounting standards.Furthermore,the International Accounting Standards Board has begun over the last 20 years to issue international accounting standards designed to create a common set of international accounting and reporting standards.
Identify reasons why such a set of international accounting standards would be desirable.

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The Answer of The mission statement of the Financial Accounting Standards Board includes a goal of promoting international comparability of accounting standards.Furthermore,the International Accounting Standards Board has begun over the last 20 years to issue international accounting standards designed to create a common set of international accounting and reporting standards.
Identify reasons why such a set of international accounting standards would be desirable.

The Mission Statement of the Financial Accounting Standards Board Includes