In some countries the laws and regulations play a much bigger role in establishing accounting and financial reporting standards than in the U.S. Discuss the difficulties that may arise on an international level in the process of developing IFRS given the varying influences of governments and regulators in the national standard setting process.

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The Answer of In some countries the laws and regulations play a much bigger role in establishing accounting and financial reporting standards than in the U.S. Discuss the difficulties that may arise on an international level in the process of developing IFRS given the varying influences of governments and regulators in the national standard setting process.

In Some Countries the Laws and Regulations Play a Much