Which of the Following Is Not Necessarily a Benefit of Harmonisation

question 28

Multiple Choice

Which of the following is not necessarily a benefit of harmonisation and convergence?

• A) Increased relevance, functionality and appropriateness for all countries
• B) Improved understanding and interpretation of financial reports by users in different countries
• C) Increased comparability and consistency
• D) Lower preparation costs for companies that have to produce different financial reports in different countries

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Definitions:

Reneged

To renege is to go back on a promise, commitment, or agreement.

Waiting-Line

A queue or sequence of items or persons awaiting their turn for service or processing in various contexts, such as customer service or manufacturing.

Statistical Distribution

A mathematical function that describes the probabilities of occurrence of different possible outcomes for an experiment or process.

Waiting Line

A queue or line formed when entities (people, objects, data) wait for service or processing, often analyzed to improve efficiency in various systems.