Economic Consequences Of Accounting Standard-Setting Means

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Economic Consequences Of Accounting Standard-Setting Means

: a. standard-setters must give first priority to ensuring that companies do not suffer any adverse effect as a result of a new standard. c. the objective of financial reporting should be politically motivated to ensure acceptance by the general public. d. accounting standards can have detrimental impacts on the wealth levels of the providers of financial information.
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accounting standards can have detrimental impacts on the wealth levels of the providers of financial information.

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