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Harmonization of accounting standards:_______. A. Is the same as convergence of accounting standards.B. Always ensure resulting of comparable financial statements internationally.C. Forces accounting difference to be resolved through litigation.D. Refers to the reduction of alternatives while retaining a high degree of flexibility in accounting practices.

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henrydesanta

Answer:

the correct answer is D. Refers to the reduction of alternatives while retaining a high degree of flexibility in accounting practices.

Explanation:

The harmonization refers to having a high degree of variation or flexibility in the accounting standards. this allows the standard to be implemented by many organizations in various scales, sizes and industries without affecting their financial performance.

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