Convergence of accounting practices is expected to increase the flow of investment across borders.

Name: Convergence of accounting practices is expected to increase the flow of investment across borders.
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Question

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Convergence of accounting practices creates a consistent and transparent financial reporting framework, which enhances the credibility of financial information and increases investor confidence. This, in turn, is expected to encourage cross-border investments.

Convergence of Accounting Practices Is Expected to Increase the Flow