Which of the following statements is correct in relation to International accounting research?

Question

Quizplus · Accepted Answer

International accounting research involves studying the differences in accounting practices across countries and understanding the contextual and cultural influences on financial accounting. Harmonisation efforts may have reduced the need for research in this area but have not eliminated it entirely. While agency or contracting theory may inform some research in this area, it is not the underlying basis for all of it. Social welfare perspectives may be one lens through which international accounting research is conducted but it is not the only one.

Which of the Following Statements Is Correct in Relation to International