The process of convergence of accounting standards around the world aims to ______________.
A. narrow or remove national accounting differences.
B. move non-US accounting standards towards US Generally Accepted Accounting.
C. Principles (US GAAP).
D. create one set of rules-based accounting standards for all countries.
Answer:A
The process of convergence of accounting standards around the world aims to ______________.
A. narrow or remove national accounting differences. B. move non-US accounting standards towards US Generally Accepted Accounting. C. Principles (US GAAP). D. create one set of rules-based accounting standards for all countries.