Oluwatobiloba Adenola Abeokuta, Nigeria 177 Questions 10 Answers 1 Best Answer 216 Points View Profile 0 Oluwatobiloba AdenolaLevel 2 Asked: February 6, 20202020-02-06T15:14:51+00:00 2020-02-06T15:14:51+00:00In: Accounting, Other Technical and Professional Services What are the effects of international accounting standards on accounting practices of developing countries? 0 What are the effects of international accounting standards on accounting practices of developing countries? Share Facebook 1 Answer Voted Oldest Recent Anonymous 2020-03-24T10:19:19+00:00Added an answer on March 24, 2020 at 10:19 am Adoption of international accounting standards is extremely costly. Developing counties usually use accounting standards that are most beneficial to them based on who they trade with to make accounting for transactions easier or just another country’s General Accepted Accounting Principle (GAAP) that works for the developing country. 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Leave an answerCancel replyYou must login or register to add a new answer.