Accounting practices are largely standard among developed countries.

Name: Accounting practices are largely standard among developed countries.
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Accounting practices vary among developed countries due to differences in legal systems, tax laws, and business environments, leading to the use of different accounting standards such as GAAP (Generally Accepted Accounting Principles) in the United States and IFRS (International Financial Reporting Standards) in many other countries.

Accounting Practices Are Largely Standard Among Developed Countries