Business, Management and Accounting
3 years ago

Global capital to be revolutionized by single high-quality accounting standards.

1 view
RePEc: Research Papers in Economics
International Financial Reporting Standards
Dewey Norton

Paper Summary

The Financial Accounting Standards Board and the International Accounting Standards Board are working together to create global accounting standards due to the increasing globalization of capital. This is necessary because companies are operating internationally and raising capital globally. The goal is to have a single set of high-quality standards to support this global financial environment.

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