Financial reporting is independent of the legal system of a nation.

Name: Financial reporting is independent of the legal system of a nation.
Brand: Quizplus
Rating: 4.7 (54 reviews)

Question

Quizplus · Accepted Answer

Financial reporting is influenced by the legal system of a nation as it sets regulations and standards for financial reporting to ensure accuracy, transparency, and accountability. Different countries have different legal frameworks that shape financial reporting practices.

Financial Reporting Is Independent of the Legal System of a Nation