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According to Gray's framework ( which is an extension of Hofstede's model of cultural pattern ) , which of the following is true about accounting
According to Gray's framework which is an extension of Hofstede's model of cultural pattern which of the following is true about accounting system development?
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Accounting system development is mainly influenced by a country's constitutional framework.
Countries following limited disclosures adhere less strictly to the notion of conservatism in the measurement of assets and liabilities.
Accounting system development is influenced by a less conservative approach resulting in the development of shortterm oriented accounting practices.
The external factors have a direct influence on the development of institutional framework leading to the development of accounting systems.
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