Which of the following accurately reflects French accounting?

Question

Quizplus · Accepted Answer

The legal tradition in France, which emphasizes the primacy of civil law over common law, has strongly influenced accounting standards and practices in the country. French accounting is generally more rule-based and prescriptive than principles-based, which can make it more complex to navigate. Additionally, French accounting standards tend to be more geared toward protecting the interests of creditors and the public, rather than providing useful information for investors and other stakeholders.

Which of the Following Accurately Reflects French Accounting