What is likely to be the source of accounting standards in common law countries?
A. Tax law
B. Non-government entities such as the FASB
C. Federal and local legislatures
D. The International Accounting Standards Board
Answer:B
What is likely to be the source of accounting standards in common law countries?
A. Tax law B. Non-government entities such as the FASB C. Federal and local legislatures D. The International Accounting Standards Board