The goal of the growing movement toward international convergence of accounting standards is a single set of accounting standards accepted worldwide and superior to the choices presently available.

Question

Quizplus · Accepted Answer

The statement accurately reflects the goal of the international convergence of accounting standards movement. The aim is to eliminate differences and inconsistencies between accounting standards in different countries and to have a single set of high-quality accounting standards that are globally recognized and adopted.

The Goal of the Growing Movement Toward International Convergence of Accounting