(Answered) Discuss the rationale for the global harmonization of

Accounting

Discuss the rationale for the global harmonization of financial reporting and disclosure requirements.

In recent years, there has been pressure from variety of groups for pursuing global accounting harmonization. Who are these groups, and how do they stand to benefit from accounting harmonization?

What are the main obstacles to global accounting harmonization? In your opinion, are they likely to be overcome in the near future?

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