Which one of the following is not true?
A)Accounting standards evolve to improve the representation of financial statements.
B)Accounting scandals introduced lower accounting standards.
C)There is more and more collaboration between different countries to harmonize accounting standards.
D)IASB is working with different accounting boards to harmonize worldwide standards.

Question

Quizplus · Accepted Answer

Accounting scandals may lead to reforms and stricter enforcement of accounting standards but they do not introduce lower accounting standards.

Which One of the Following Is Not True