Which of the Following Is Not a Major Concern Related

question 52

Multiple Choice

Which of the following is not a major concern related to convergence of international accounting standards?

• A)The complicated nature of particular standards
• B)The tax-driven nature of the national accounting regime
• C)An overload of guidance on the first-time application of IFRS
• D)IFRS language translation difficulties

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Definitions:

Employment Relationship

A legal and professional relationship between an employer and an employee characterized by the employee performing work under the control and direction of the employer in exchange for compensation.

Right to Privacy

A legal principle that protects individuals from intrusion into their personal life, encompassing freedom from surveillance, data protection, and bodily autonomy.

Personal Information

Data about an individual that can be used on its own or with other information to identify, contact, or locate a single person.

Liability

The state of being legally responsible for something, typically a debt or obligation.