Which of the following pair of countries has similar accounting systems?

Question

Quizplus · Accepted Answer

China and Indonesia both have accounting systems that are influenced by the International Financial Reporting Standards (IFRS), but also incorporate their own local standards and regulations. This makes their systems more similar to each other compared to the other pairs listed, which are influenced by different accounting traditions and standards (e.g., UK with its own GAAP, India with Ind AS which is closely aligned with IFRS, etc.).

Which of the Following Pair of Countries Has Similar Accounting