In Gray's framework for accounting system development, which of the following countries tends to have a relatively high degree of transparency in their companies' financial statements?

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According to Gray's framework, countries with an Anglo-Saxon accounting tradition, such as the United Kingdom, tend to have a relatively high degree of transparency in their companies' financial statements. Germany and Switzerland have a continental European accounting tradition, which focuses more on legal compliance and does not emphasize transparency to the same extent. Saudi Arabia has a Gulf accounting tradition, which focuses more on social and cultural values than transparency.

In Gray's Framework for Accounting System Development, Which of the Following