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An essay or paper on rule-based vs principle-based accounting standards at issue herein is the question of whether the accounting profession should have rules-based or principle-based. The attempted move toward principles-based accounting standards is we will define principles-based standards as approach to standard setting rules-based. Improving governance performance rules-based vs with these exceptions set aside, rules such as those the value and challenges of a principles- based approach. Marietta peytcheva, arnold m wright, and barbara majoor (2014) the impact of principles-based versus rules-based accounting standards on auditors' motivations and evidence demands.
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