Question

In: Accounting

Please answer the following question: Prepare a one-page response to the following statement/comment. 1) Most countries...

Please answer the following question:

Prepare a one-page response to the following statement/comment.

1) Most countries (developed and underdeveloped) in the world have adopted IFRS accounting standards and ISA auditing standards. The question is whether every country who has adopted these standards should be strictly held and accountable to the same high standards dictated by each of the two sets of standards or whether underdeveloped countries should be given special treatment or privileges while in development? What are the advantages and disadvantages of holding them all to the same high-quality standards? Is it fair to developing countries? What do you recommend and why? Provide any appropriate examples to substantiate your point(s).

Solutions

Expert Solution

please find attached the answer

.

ekkarill92 answered 2 years ago
Next > < Previous

Related Solutions

Please answer the following question: Prepare a one-page response to the following statement/comment. 1) Most countries...
Please answer the following question: Prepare a one-page response to the following statement/comment. 1) Most countries (developed and underdeveloped) in the world have adopted IFRS accounting standards and ISA auditing standards. The question is whether every country who has adopted these standards should be strictly held and accountable to the same high standards dictated by each of the two sets of standards or whether underdeveloped countries should be given special treatment or privileges while in development? What are the advantages...
Prepare a five page report of the following. please type the answer instead of writing 1.)...
Prepare a five page report of the following. please type the answer instead of writing 1.) Discuss the various Income, Deductions, Exemptions, Exclusions and their associated attached forms that are prominently featured in the preparation of the form 1041- Tax Returns for Estate and Trust.
Prepare a five page report of the following. please type the answer instead of writing 1.)...
Prepare a five page report of the following. please type the answer instead of writing 1.) Discuss the various Income, Deductions, Exemptions and Exclusions and their associated attached forms that are prominently featured in the preparation of the form 1120- U.S. Corporation Income Tax Return.
Critically comment on the following statements as they refer to middle-income developing countries (1 page )...
Critically comment on the following statements as they refer to middle-income developing countries (1 page ) "If dutch disease is not neutralized, a countries current account may be nonetheless in equilibrium. However, if the dutch disease is fully neutralized, the current account will definitely be in surplus."
Critically comment on the following statements as they refer to middle-income developing countries (1 page )...
Critically comment on the following statements as they refer to middle-income developing countries (1 page ) "If dutch disease is not neutralized, a countries current account may be nonetheless in equilibrium. However, if the dutch disease is fully neutralized, the current account will definitely be in surplus."
Critically comment on the following statements as they refer to middle-income developing countries (1 page )...
Critically comment on the following statements as they refer to middle-income developing countries (1 page ) "For developmental macroeconomics, technological progress and the production of capital goods depend on demand conditions rather than on supply conditions"
Prepare an essay response at least one page in length that answers the following questions: What...
Prepare an essay response at least one page in length that answers the following questions: What is the European Union’s Social Charter? Why is it important for U.S. firms dealing with European unions to be aware of this?
1.. Comment on a situation where the following statement does not hold: In countries with autocratic...
1.. Comment on a situation where the following statement does not hold: In countries with autocratic regimes, MNEs can manage political risk effectively by focusing solely on their relationships with the government. 2. Comment on why the following statement is false. Provide an example Increasing Intellectual property laws always stimulate innovation and emerging country-catch up. 3.How do MNEs decide on their product/service offering if they are faced with large cultural distance between them and the host-country? What did Starbucks do...
Critically comment on the following statements as they refer to middle-income developing countries (1 page) "Currency...
Critically comment on the following statements as they refer to middle-income developing countries (1 page) "Currency overvaluation keeps the rate of profit low, thus reducing the rate of investment and rate of economic growth."
Please answer this question by typing. The answer should be one page A4. Reynolds experiment is...
Please answer this question by typing. The answer should be one page A4. Reynolds experiment is used to study flow behavior of fluids by slowly and steadily injecting dye into a pipe. The state of fluid flow will be determined and compared with the results from the calculation of the Reynolds number. Discuss observations made in the Reynolds number. Analyze various factors which effect the flow of fluids.
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT