| Dessription |
The impact of culture on the social institutions like accounting cannot be underestimated. Before the increase in immigration and cross-border businesses, culture has been in the domain of anthropology and archaeology. This writeup considers whether culture affect unified global accounting practices and whether an understanding of cultural role in accounting can help to understand international accounting standards. These prove will be made evidence using the Anglo-American and Euro-Continental accounting models (Canada and France) as case study. Although there are other factors (historical, economic, and institutional, legal system, the tax laws etc) that can affect accounting harmonization, culture is a major obstacle. |
