What is not a reason that accounting standards may differ across countries?
A) Governments.
B) Language.
C) Culture.
D) Past practice.

Question

Quizplus · Accepted Answer

Language is not a significant reason for differences in accounting standards across countries since accounting is primarily a numerical and technical language. Governments, culture, and past practice are more significant factors that influence differences in accounting standards.

What Is Not a Reason That Accounting Standards May Differ