Germany's accounting system has historically been a ________ system.

Question

Quizplus · Accepted Answer

Germany's accounting system is predominately based on legal regulations and standards rather than being driven by political or practical considerations. It is a strictly regulated system with strong emphasis on compliance and transparency. This is reflected in the country's Corporate Governance Code, which sets out guidelines for companies to follow in areas such as accounting, reporting and audits.

Germany's Accounting System Has Historically Been a ________ System