International accounting standards tend to converge, as do
auditing, enforcement, and corporate governance, whereas trading of
equity shares remains essentially national. The book provides a
thorough analysis of what information investors really need, how
financial accounting systems developed and their current
requirements in major commercial countries, and examines current
issues, particularly the benefits and costs a single or multiple
accounting standards, the bases for accounting standards, and
limitations to accounting disclosure in financial statements.
General
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