According to Sir Bryan Carsberg, Former IASC Secretary-General, What Is

question 32

Multiple Choice

According to Sir Bryan Carsberg, former IASC secretary-general, what is the most significant cost of accounting diversity?

• A) The time expended by accountants to create multiple sets of financial statements conforming to different national standards
• B) The cost of the IASB to regulate compliance with many national accounting standards
• C) It may limit the effectiveness of the international capital markets
• D) The resources used by countries in legislating different sets of accounting standards

---

Definitions:

Semantic Memory

A component of long-term memory that processes ideas and concepts not drawn from personal experience, encompassing knowledge of facts, meanings, and language usage.

Cognitive Abilities

The mental capabilities involved in performing tasks, problem-solving, and making decisions, such as perception, memory, and reasoning.

Aging

The process of becoming older, which involves a series of biological, psychological, and social changes over time.

Five Factor Model

A theory that delineates personality into five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.