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The advantages and disadvantages of harmonizing accounting standards were summarized in this chapter. Required: Expand on these advantages and disadvantages. [ Hint: You might wish

The advantages and disadvantages of harmonizing accounting standards were summarized in this chapter.

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Expand on these advantages and disadvantages. [Hint: You might wish to consult John N. Turner, International Harmonization: A Professional Goal, Journal of Accountancy (January 1983): 5859; and Richard K. Goeltz, International Accounting Harmonization: The Impossible (and Unnecessary?) Dream, Accounting Horizons (March 1991), 8588.]

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