What is a possible danger if politics plays too big a role in accounting standard setting?

Question

Quizplus · Accepted Answer

If politics plays too big a role in accounting standard setting, the accounting standards may not be truly generally accepted, as they may be biased towards certain political interests or parties. This could lead to confusion and lack of trust in financial reporting, potentially harming investors and the overall economy.

What Is a Possible Danger If Politics Plays Too Big