answersLogoWhite

0

These standards are important because external financial reporting can demonstrate financial accountability to the public. They are the basis for many legislative and regulatory decisions, as well as investment and credit policies.

User Avatar

Wiki User

14y ago

Still curious? Ask our experts.

Chat with our AI personalities

FranFran
I've made my fair share of mistakes, and if I can help you avoid a few, I'd sure like to try.
Chat with Fran
DevinDevin
I've poured enough drinks to know that people don't always want advice—they just want to talk.
Chat with Devin
RafaRafa
There's no fun in playing it safe. Why not try something a little unhinged?
Chat with Rafa

Add your answer:

Earn +20 pts
Q: Why are financial accounting standards important?
Write your answer...
Submit
Still have questions?
magnify glass
imp