Which of the following is not necessarily a benefit of harmonisation and convergence?

Question

Quizplus · Accepted Answer

Harmonisation and convergence aim to make financial reporting more consistent and comparable across different jurisdictions, which inherently improves understanding and interpretation (B), increases comparability and consistency (C), and can lower preparation costs for multinational companies (D). However, increased relevance, functionality, and appropriateness for all countries (A) is not necessarily a benefit because the specific needs and economic conditions of individual countries might not be fully addressed by a one-size-fits-all approach.

Which of the Following Is Not Necessarily a Benefit of Harmonisation