Accounting practices ultimately affect global economy

How much a particular hill of beans is worth may depend on who’s counting the beans. When it comes to accounting standards in the business world, every bean counts, but the quality of financial reporting differs from country to country. In a recent study, a University of Missouri researcher found that uniform and strict auditor enforcement may be more important than a country’s accounting standards, and the quality of reporting can affect the whole economy.

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<p><a href="http://www.physorg.com/news130007910.html">Accounting practices ultimately affect global economy</a></p> <p>How much a particular hill of beans is worth may depend on who’s counting the beans. When it comes to accounting standards in the business world, every bean counts, but the quality of financial reporting differs from country to country. In a recent study, a University of Missouri researcher found that uniform and strict auditor enforcement may be more important than a country’s accounting standards, and the quality of reporting can affect the whole economy.</p>