O-LevelAccountingAccounting principles and policies7707/12 · May/June 2015 · Q301 Mark
What is the purpose of international accounting standards?
Ato allow users to rely on the information in financial statements being error-free
Bto enable accountants to get work easily anywhere in the world
Cto enable non-accountants to understand all the information in financial statements
Dto make it easier to compare financial statements prepared in different countries
✓ Correct answer
D: to make it easier to compare financial statements prepared in different countries
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