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This paper focuses on a long-standing challenge for standard setters: what kind of standards should they write? How specific and prescriptive should standards be? How should cost considerations influence requirements? How should standard setters balance comparability with effective communication...
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for setting accounting standards in India.The author examines the recent move by the Institute of Chartered Accountants of … India to enforce some accounting standards. This is an important move towards disciplining corporate financial reporting but …
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