Name the new areas of application of accounting principles as well as the policies that emerged out of it. (at least 3)
Answer (1)
Answer:New areas of application of accounting principles include environmental accounting, forensic accounting, and international accounting. Out of these, new policies emerged such as sustainability reporting (for businesses to disclose environmental and social impact), anti-fraud and compliance policies (to ensure transparency and detect financial crimes), and international financial reporting standards (IFRS) (to unify accounting practices across countries). These new areas and policies show that accounting is not only about money but also about responsibility, fairness, and global consistency.Step-by-step explanation:have a nice day, kindly brainliest ;)
