In the past, many countries have relied on their own standard-setting organizations. The standards issued by these various standard-setting organizations around the world include
A) Tax-oriented standards.
B) Business-based standards.
C) Principles-based standards.
D) All of these answers are correct.

Question

Quizplus · Accepted Answer

The standards issued by various standard-setting organizations around the world can include tax-oriented standards, business-based standards, and principles-based standards, reflecting the diverse approaches to accounting and financial reporting across different jurisdictions.

In the Past, Many Countries Have Relied on Their Own