Pressures for the IASB to harmonize its accounting standards is coming from cross-border mergers and acquisitions and rapid growth in international capital markets.

Question

Quizplus · Accepted Answer

Cross-border mergers and acquisitions and rapid growth in international capital markets create a need for consistent and comparable financial reporting, which can be achieved through the harmonization of accounting standards.

Pressures for the IASB to Harmonize Its Accounting Standards Is