Country A has the following values from Hofstedes five Cultural Dimensions:

Power Distance: 70 (High)

Individualism/Collectivism: 32 (Low)

Uncertainty Avoidance: 85 (High)

Masculinity/Femininity: 90 (High)

Short/Long-term orientation: 70 (Long-term)

Using the hypothesized relationships between Hofstedes cultural values and Grays accounting values predict the accounting practices prevailing in Country A. In particular, comment on whether in Country A we expect to find more optimistic profit measures or more conservative measures employed by companies.

(5 marks)