The Primary Benefit of Harmonising Financial Reporting Practices Around the World

The primary benefit of harmonising financial reporting practices around the world is:

A) enhancing the attractiveness of exporting goods and services for smaller businesses
B) reducing the likely risks and costs of making transactions in different countries
C) eliminating the need for firms operating locally and in other countries to file detailed financial reports with regulatory authorities in other countries
D) that investors in international capital markets can make more reliable comparisons of the reports of different entities