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| Topic: |
Business
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| Number of pages / Number of words: |
15 / 4028 |
Essay's paper body
Today there is just that problem that it can be difficult for investors to compare companies in different countries with diversity in how the financial reports are made.
For multinational companies the availability of one set of global accounting standards reduces the costs compared with dual reporting...
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The dual reporting involves additional costs to preparation and may confuse readers who cannot understand why accounting number differs when the operations of the business are unchanged. (Roberts, C, Wetman, P, and Gordon, P 2005).
Investors
Investors who today invest internationally have great benefits of global accounting standards as it provides the investor with assurance about the comparability and the high standard of the accounting information provided...
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