Discuss the advantages of having global accounting

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Question: 1. [Global accounting standards] Discuss the advantages and disadvantages of having global accounting standards from the perspective of the financial analyst.

2. [Role of auditor] You are reviewing a company financial statements. Its auditor has issued an unqualified opinion regarding the financial statements. Discuss what that opinion tells you about:

(i) Possible changes in accounting principles

(ii) Possible changes in accounting estimates (iii)

The existence of significant risks regarding the future operations of the company

(iv) The possibility that the financial statements are fraudulent

Reference no: EM131522669


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