Accounting Criteria

Essay specific features

 

Issue:

Business

 

Written by:

Joseph M

 

Date added:

March 14, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 1041

 

Was viewed:

9524 times

 

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Essay content:

4). Global business requires added consideration in the way of accounting reporting criteria. With heightened consumer protection becoming increasingly important, regulation of American reporting criteria such as The Sarbanes-Oxley Act (SOX) is common to hear or the Security Exchange Commission’s (SEC) requirement of management submitting a financial statement in an organization’s report...
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Since so much publicity has been given to U.S. reporting regulations even more difficultly is to identify the regulations in foreign reporting criteria. Many countries do not have the high level of regulations that America has. This makes it extremely important for internationally operating organizations to understand and embrace best practices in financial reporting across borders...
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