Which of the following may be the result of direct or indirect economic and social consequences of a proposed accounting standard?

Question

Quizplus · Accepted Answer

All of the given options may be the result of direct or indirect economic and social consequences of a proposed accounting standard. Increased lobbying to maximise the expected positive economic benefits or to minimise the expected negative economic and social consequences is a likely outcome. The proposed standard may also impact managerial decisions to optimise the reported numbers. Therefore, option D is the correct answer.

Which of the Following May Be the Result of Direct