Which of the following may be the result of direct or indirect economic and social consequences of a proposed accounting standard?

Question

Quizplus · Accepted Answer

Direct or indirect economic and social consequences of a proposed accounting standard can lead to increased lobbying to maximise the expected positive economic benefits from the standard, increased lobbying to minimise the expected negative economic and social consequences from the standard, and an impact on managerial decisions to optimise the reported numbers. Therefore, option D is the correct choice.

Which of the Following May Be the Result of Direct