The main benefits of international harmonisation are said to include:
A) Increasing the comparability of financial reports prepared in different countries so that capital ultimately flows to entities that can use it the most productively.
B) Reducing the financial reporting costs for Australian multinational companies.
C) Removing barriers to international capital flows by reducing differences in financial reporting requirements and so increasing understanding by foreign investors of Australian reports.
D) Facilitating more meaningful comparisons of the financial performance and position of Australian and foreign public sector reporting entities.
E) All of the given answers.

Question

Quizplus · Accepted Answer

All of the given answers are main benefits of international harmonisation. Increasing comparability of financial reports, reducing reporting costs for multinational companies, removing barriers to international capital flows, and facilitating meaningful comparisons of financial performance are all important advantages of harmonisation.

The Main Benefits of International Harmonisation Are Said to Include