ABSTRACT
Questions of accounting policy can no longer he considered in national isolation. The international nature of the industrial and commercial communities has placed increasing pressures on accounting policy makers to see their task in a wider context. International patterns of investment, financing and ownership now all create an interest in the comparability of the vital sources of corporate economic intelligence which accounting reports provide. Moreover the creation and often growing power of transnational government agencies have reinforced the tendencies emanating from the business community itself.
