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Identify two important issues in international accounting today?
Wiki User
∙ 11y ago
The two important issues affecting international accounting today are the different accounting standards or principles being used by businesses around the world; and lack of ethical principles within the accounting profession i.e. driven by agency theory.
The different accounting principles have created the problem of comparability and increased in costs to the industries that fetch the services of accountant. The lack of ethical principles have led to the failure of companies.
Wiki User
∙ 11y ago
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