Australia or u.s., Since 2000, many companies in Australia

Australia or u.s.

Reference no: EM13136102

Since 2000, many companies in Australia or U.S. collapsed due to misleading Financial statements and accounting practices. New rules were introduced into IFRS or its local equivalent to improve the quality of financial reporting. You should find and discuss at least two samples in which lack of regulation lead to deficiencies in financial reporting, and give a critical analysis to the impact of actual or proposed action by accounting standard setter. Your essay should explain the above and cover the following topics:

1. The arguments for and against regulation in respect of financial accounting
in each related context;
2. In your opinion, whether regulation (such as revising the IFRS or its
equivalent) could prevent misleading reporting practices;
3. The role of accounting profession and the enforcement bodies in Australia
in promoting high quality financial accounting information.

Reference no: EM13136102

Questions Cloud

Find probability last person to finish washing your car : If there are no other cars coming and there are n bays, k cars waiting ahead of you, what is the probability you will be the last person to finish washing your car?

Discussion of the public policy framework : Define the term "glass ceiling." Provide a brief overview and discussion of the public policy framework aimed at improving gender equity. What was the initial goal of the development of the civil rights policy, and what was the focus that brought ..

What is the percent yield : The mass of calcium fluoride that results from the reaction of 3.00 grams of calcium and 2.00 grams of fluorine is 4.02 grams. What is the percent yield?

Explain how these items influence or determine : Are capital assets taxed the same as other items of income? Be certain to identify items that affect valuation of the asset for accurate calculation of a gain or loss to the asset owner upon disposal, and explain how these items influence, or dete..

Australia or u.s. : Since 2000, many companies in Australia or U.S. collapsed due to misleading Financial statements and accounting practices. New rules were introduced into IFRS or its local equivalent to improve the quality of financial reporting.

Federal-local and shared powers : Pick one power from each of the categories: Federal, Local, Shared. For each power, is it in the right place? For instance, is there a federal power that should be local or shared?

What are the auditors alternatives : When such an event occurs and is appropriately reflected in the financial statements, what are the auditor's alternatives with respect to dating the audit report and the conditions applicable to each alternative?

Federalism and individual states rights : While there is certainly disagreement over how Federalism should work, the supremacy clause has been regularly uphelp by the Supreme Court to prove that states cannot use their inherent powers to thwart the intent of federal law.

What is cost of goods manufactured : work in process inventory on december 31,2011, is $42,000. work in process inventory decreased 40% during 2011. total manufacturing cost incurred in 2011 amount to $260,000. what is cost of goods manufactured?

User Account

All Pages

Australia or u.s.

Reference no: EM13136102

Reference no: EM13136102

Questions Cloud

Reviews

Write a Review

Term Paper Questions & Answers

Generation and evaluation of alternative solutions

Paper on deming theory

Paper on what does autism play in savant syndrome

Write a paper on italy and its democracy

Climate change and the north

Should manitoba adopt a single transferable vote

In crisis and reform

Role play as the corporate social responsibility officer

Operationalize sustainability

Gulliver''s view of science

Designing a computer interface with visual disability

Social issue

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT