The accounting standards in code law countries tend to be:

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In code law countries, accounting standards are generally stated broadly without much guidance on accounting procedures. This is because code law countries often have a legal framework that outlines specific accounting rules and procedures that must be followed, rather than relying on professional organizations like the FASB to create accounting standards. This approach tends to result in less detailed and less prescriptive accounting standards.

The Accounting Standards in Code Law Countries Tend to Be