Countries are most likely to have similar accounting policies when:
A) they have greater political and economic ties.
B) they share a common language.
C) they are close to each other geographically.
D) their economies are of a similar size.

Question

Quizplus · Accepted Answer

Countries with greater political and economic ties often harmonize their accounting policies to facilitate trade and investment, ensuring consistency and comparability in financial reporting.

Countries Are Most Likely to Have Similar Accounting Policies When