The key factor of difference between the Anglo-Saxon and continental models appears to be between capital-based financial markets and credit-based financial markets.
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Q6: Financial accounting standard setting in New Zealand
Q7: Countries following the continental model include most
Q8: Harmonization of accounting standards refers to the
Q9: The two general financial reporting models that
Q10: Many continental model countries, such as France
Q12: The Netherlands is a continental nation with
Q13: The Accounting Standards Board (ASB) in the
Q14: British standard setters blazed the trail of
Q15: In the United States, the term "present
Q16: The International Accounting Standards Committee was formed
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