- Words: 4450
- Length: 13 Pages
- Topic: Accounting
- Paper #: 31136614
This is important, because it shows how there is the potential for both harmonization and division. Yet, once you look at what is taking place around the world, it is obvious that a common set of ideas are being readily accepted in different countries around the world.
A good example of this can be seen by looking no further than China, where they announced that the country would follow IFRS