What would be an advantage of having all countries adopt and follow the same accounting standards?

Question

Quizplus · Accepted Answer

Having all countries adopt and follow the same accounting standards would allow for consistency in financial reporting, making it easier to compare financial information across different countries. It may also lead to lower preparation costs for companies that operate in multiple countries since they would only need to comply with one set of accounting standards instead of differing standards in various jurisdictions.

What Would Be an Advantage of Having All Countries Adopt