Some of the costs of international convergence of accounting standards include:
A) costs of educating accountants to adopt a new set of standards.
B) costs associated with changing data collection systems.
C) costs associated with changing data reporting systems.
D) all of the given answers.

Question

Quizplus · Accepted Answer

The international convergence of accounting standards involves a significant amount of restructuring, training, and implementation of new standards. This includes educating accountants on the new standards (A), changing data collection systems (B), and changing data reporting systems (C), resulting in all of the given answers being correct.

Some of the Costs of International Convergence of Accounting Standards