Volume XIII: Business and Private Organizations | Chapter 12a (1972): Law and Accounting in Business Associations
2nd November, 1966.
Detlev F. Vagts
60. In general. – In a world becoming, as we are constantly reminded, ever more closely interrelated, especially on the financial and commercial side, one would expect that the dissimilarities between national accounting rules which we have surveyed would produce jarring conflicts. Actually, there is enough flexibility in most systems to cushion the shocks; often, for exa…