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Causes of international differences in financial reporting?

In: College Degrees, Companies, Financial Statements [Edit categories]

Answer:

Answer : Starguy Bangalore

== Economic environment ==
== Political environment ==
== Legal system ==
== Global standards ==
== Cultural environment across the countries:

Economy plays a big part in the different accounting practices, when an economy is low there is more chance for fraud and dishonesty. This is when the rules and regulations should be tightened. As far as the legal system difference, different countries find different types of fraud and crime, so the legal system has to fit that pattern.

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Tina

First answer by ID1010147858. Last edit by Tina Gesick. Contributor trust: 0 [recommend contributor ]. Question popularity: 24 [recommend question].

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