In their measurement and disclosure for accounting systems, less developed countries tend toward:

Question

Quizplus · Accepted Answer

Less developed countries tend to have a more conservative and secretive approach to accounting. This may stem from a lack of confidence in their financial markets and institutions, as well as a general distrust of the government and other organizations. As a result, they may be more likely to keep their financial information close to the vest, and to use more cautious accounting methods.

In Their Measurement and Disclosure for Accounting Systems, Less Developed