Discuss political and economic system of a country


Response to the following questions:

1. How might the type of political and economic system of a country influence the type of accounting disclosure rules adopted?

2. How might the type of political and economic system of a country influence the type of accounting measurement and disclosure practices voluntarily adopted by companies?

3. How does the legal system of your country fit into the classifications described?

 

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Accounting Standards: Discuss political and economic system of a country
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