Accounting roles-business organization

Reference no: EM1363419

Accounting does not exist in isolation and changes in counting roles and enforcement impact business organization on a global basis

Please assist in answering these questions and provide factual opinions with references.

1. How widespread are IFRS? What will happen to US GAAP?

2. How has SOX (Sarbanes-Oxley) affected business organizations and the accounting profession? https://www.soxlaw.com/

3. What is the difference between a role-based and principle-based system?

4. Discuss Global Reporting initiatives, its purposes, the standard setting process and the use of its reporting system.

Here are some links that will assist you:
https://www.fasb.org/intl/convergence_iasb.shtml
https://www.globalreporting.org/Pages/default.aspx
https://www.globalreporting.org/Pages/default.aspx

Reference no: EM1363419

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