What affect will foreign accounting standards

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Reference no: EM13128625

omparative analyses can only take place in an environment of stable, static and consistent rules. Your final project will be to synthesize the issues/data previously researched into a single paper. Prepare a 3-5 page paper that demonstrates your understanding of the issues. Address the following questions in your final paper:
• What affect will foreign accounting standards have on your audit engagement from a resource, time and cost standpoint?
• How will foreign standards affect your audit plan and sampling techniques used to validate original transactions?
• How will you approach potential fraud issues in a global environment?
• How is the accounting profession changing in order to address the issue of inconsistent accounting standards?

Reference no: EM13128625

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