Financial reporting philosophies differ across countries.These philosophies evolve from and reflect several factors including all of the following except
A)the language(s)spoken in the country.
B)the specific political institutions within the country.
C)the specific financial institutions within the country.
D)the country's social customs.

Question

Quizplus · Accepted Answer

The language(s) spoken in a country do not typically influence financial reporting philosophies. However, political institutions, financial institutions, and social customs all play a role in shaping a country's financial reporting practices.

Financial Reporting Philosophies Differ Across Countries