Accounting · Accounting Harmonization vs Standardization
Which of the following statements is NOT true regarding accounting standards?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Harmonisation is more rigid than standardization.✓
- 2Harmonization means differences among national accounting standards are minimized.
- 3Standardization means all companies across countries follow the exact same accounting practice.
- 4Harmonisation is more flexible than standardization.
Correct answer
Harmonisation is more rigid than standardization.
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