Which of following is/are the potential benefits of a single set of international accounting standards? 4. Ensure adequate comparability. B. Avoid additional financial statements preparation costs companies incur. C. Users of financial statements will not be forced to understand at least two sets of standards.

Which of following is/are the potential benefits of a single set of international accounting standards? 4. Ensure adequate comparability. B. Avoid additional financial statements preparation costs companies incur. C. Users of financial statements will not be forced to understand at least two sets of standards.

Auditing: A Risk Based-Approach to Conducting a Quality Audit

10th Edition

ISBN:9781305080577

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter4: Professional Liability, Auditor Judgment Frameworks, And Professional Responsibilities

Section: Chapter Questions

Problem 61RSCQ

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