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The reason high-quality and consistent accounting standards are desirable is to aid in the efficient allocation of capital in globalized markets.
After all, there are many general principles that also underlie the sound management of a corporation: consistent accounting, clear lines of responsibility, and so on.
Mr Berardino is dismissive of investors' folly, but admits that clear and consistent accounting standards are essential if countries are to reduce their cost of capital.
(2) For purposes of the combined financial reports, the Audit Committee shall ensure that the Banks adopt consistent accounting policies and procedures to the extent necessary for information submitted by the Banks to the OF to be combined to create accurate and meaningful combined financial reports.
(2) Information about each Bank shall be presented as a segment of the Bank System as if generally accepted accounting principles regarding business segment disclosure applied to the combined annual and quarterly financial reports of the Bank System, and shall be presented using consistent accounting policies and procedures as provided in § 1273.9(b) of this part.
And how are you going to get to uniformity?" According to Kapnick, the FASB or APB should have deivsed a system of consistent accounting principles long ago.
Similar(50)
Eleven witnesses said they saw Peach hit by at least one officer, and gave consistent accounts of the attacks.
A reasonably coherent and consistent account has emerged of what led Gaddafi to the moment of capture.
Egyptian officials struggled on Monday to provide consistent accounts of the two mass killings.
But it is unable to provide a consistent account of these incidents.
But no election outcome will make much sense unless it simultaneously offers a new and consistent account of this nation's place in the wider world.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com