Which of the following is not a problem caused by diverse accounting practices across countries?

Question

Quizplus · Accepted Answer

Diverse accounting practices across countries may result in lack of comparability of financial statements between companies in different countries, which may lead to the inability to properly prepare consolidated financial statements, the necessity of maintaining multiple sets of accounting records, and the need for expertise in consolidations accounting staff. However, it should not affect the comparability of financial statements between companies in the same country.

Which of the Following Is Not a Problem Caused by Diverse