All of the following are among the most important reasons why accounting standards differ around the world except
A)differences in the state of economic development.
B)differences in taxation.
C)differences in inflation.
D)differences in code law in all countries around the world.

Question

Quizplus · Accepted Answer

While differences in economic development, taxation, and inflation can all impact accounting standards, not all countries have code law (which is a civil law system that relies on written laws and codes rather than case law) as their legal system. Therefore, it cannot be considered as one of the important reasons why accounting standards differ around the world.

All of the Following Are Among the Most Important Reasons