” Why are accounting standards needed for financial reporting and what characteristics are associated with high quality accounting standards? “Write An essay addressing the above question, the essay must include the following: – Introduction – Meaning & History of Accounting Standards– Needs of Accounting Standards – Characteristics of Accounting Standards.- Characteristics for Accounting & Accounting Standards- Conclusion** Use multiple research articles, textbooks, etc.** Suitable references using Harvard Style.** Maximum 1000 words.
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