Which of the Following Is $\underline{not}$ A True Statement Regarding Harmonization of Accounting Standards?
A)Harmonization Refers

question 21

Multiple Choice

Which of the following is $\underline{not}$ a true statement regarding harmonization of accounting standards?

• A)Harmonization refers to the degree of coordination or similarity among the various sets of national accounting standards and methods and the formats of financial reporting.
• B)Among the factors underlying the desire for harmonization is the rise in importance of the multinational firm.
• C)The issue of harmonization is closely tied to the efforts of the IASB as well as activities of the EU.
• D)Many continental model countries, such as France and Germany, have viewed harmonization as an opportunity to coordinate their accounting standards with those of the US.

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