"Accounting standards ensure the consistency and comparability of financial statements."explain Share with your friends Share 3 Mani answered this Accounting -3 View Full Answer Love answered this Situ -1 Tanisha answered this Tanisha Kochhar -3 Vivek Yadav answered this What is the full form of computet 1 Amitojsingh answered this It limits the area of an accounting so they have to follow the given rules and techniques not acc to them so that it would be easy to know the profit and compare with any firm at the end of accounting year. -1