Criticisms against setting of accounting standards, Accounting Basics

Criticisms against setting of Accounting Standards:

1.       Setting of Standards may occasionally control the type of treatment of definite items.

2.       They may generate inflexibility in reporting of accounting information.

3.       They cannot dominate the statute, as they are set within the sample of the existing statutes.

Posted Date: 10/15/2012 5:20:08 AM | Location : United States

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