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How might Sarbanes Oxley influence the process of the convergence of international accounting standards?

On page 460 of our book it states that with the convergence there will be organization, financial markets around the world will become more intergraded because the statements will be directly comparable, investors and other interested parties will be able to see company performance across borders, companies will no longer have to restate their financials, and the complex process consolidation will be much less so. Is also states that these features of standardization mean substantial cost reduction for companies and better information for everyone).

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