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1)What are some advantages and disadvantages of single worldwide accounting standard? 2)What are some issues arising from diversity in accounting standards? 3)What are some issues

1)What are some advantages and disadvantages of single worldwide accounting standard?

2)What are some issues arising from diversity in accounting standards?

3)What are some issues arising from not having a universal accounting standard?

4)What are the differences between harmonization and convergence?

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