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Which of the following is least likely to be considered a barrier to developing one universally recognized set of reporting standards?

A Reluctance of firms to adhere to a single set of reporting standards.

Firms usually support the idea of having a single set of reporting standards because having one set of standards would reduce the cost and the time spent on reporting. Disagreement among different standard-setting bodies and regulatory authorities does hamper agreement on a single set of standards, as does political pressure from business groups and others who would be affected by changes in reporting standards.