One significant barrier to the adoption of international accounting standards in Islamic countries has been:

Question

Quizplus · Accepted Answer

Islamic countries prohibit charging interest, which conflicts with some international accounting standards that are based on interest-based financial transactions. This creates a significant barrier to the adoption of these standards in these countries. While A and B may be cultural or religious factors that contribute to the resistance to embracing international accounting standards in some Islamic countries, they are not the primary barrier.

One Significant Barrier to the Adoption of International Accounting Standards