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The process of convergence of accounting standards around the world aims to:

narrow or remove national accounting differences move non-US accounting standards towards US Generally Accepted Accounting Principles (US GAAP) create one set of rules-based accounting standards for all countries

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Question added by خالد ابراهيم , Senior Accountant , Al Khayyat Group /Peugeot and Mazda Automative agent in Jordan
Date Posted: 2013/12/03
Mark Angelo Damuag
by Mark Angelo Damuag , Financial Analyst , Evacare Management Consultancy Inc

To create one set of rules-based accounting standards for all countries

Mohammad Iqbal Abubaker
by Mohammad Iqbal Abubaker , Jahaca Pty Ltd - Accounts Administrator , Jahaca Pty Ltd - Accounts Administrator

I agree with the answer given by Mark Angelo Damuag   Internal Auditor

Adnan Ameen Bakather
by Adnan Ameen Bakather , Founder & Managing Director , Consult & Perform

To narrow or remove national accounting differences 

To create one set of rules-based accounting standards for all countries

 

mukkur srinivasan varadhan
by mukkur srinivasan varadhan , Chartered Accountant , Chartered Accountant in practice

bring about uniformity for  world wide.compasrability.

Emad Mohammed said abdalla
by Emad Mohammed said abdalla , ERP & IT Software, operation general manager . , AL DOHA Company

>>>>>>>>>> narrow or remove national accounting differences

 

move non-US accounting standards towards US Generally Accepted Accounting Principles (US GAAP) 

Joel Thomas
by Joel Thomas , Auditor , DME HoldingGroup

 

Aims to improve Financial Reporting for the benefit of investors and other users of financial information which will contribute to the flow of International Investment and also benefit a variety of stakeholders.       

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