According to the accounting concept of mutual recognition, ...

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According to the accounting concept of mutual recognition, companies are required to reconcile financial statements to local GAAP.
 
  Indicate whether the statement is true or false

Question 2

The global integration of capital markets is a major force leading to the convergence of accounting standards.
 
  Indicate whether the statement is true or false

Question 3

The International Accounting Standards Board is composed of international securities regulators and is attempting to harmonize accounting standards through issuing International Financial Reporting Standards.
 
  Indicate whether the statement is true or false

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Answer to Question 1

FALSE

Answer to Question 2

Thanks for the answer, I sent you a PM for another one.

Answer to Question 3

Awesome help, super fast