Since accounting principles differ among countries, the overall global trend is for firms to begin

The correct answer is International Financial Reporting Standards (IFRS).

Explanation:

The International Financial Reporting Standards (IFRS) are technical accounting standards adopted by the IASB, a private institution based in London. They constitute the International Standards or international norms in the development of the accounting activity and suppose an accounting manual in the way that is acceptable in the world.

The main reason that explains the tendency of the countries towards the application of IFRS, is based on the main objective of the IASB, which is "to develop, seeking the public interest, a single set of global accounting standards that are high quality, understandable and mandatory, that require high quality, transparent and comparable information in the financial statements and other types of financial information, to help participants in capital markets around the world, and other users, to make economic decisions. "

answerconversion factor;