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International Accounting Standards Board

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Manuel S

 

Date added:

February 27, 2013

 

Level:

University

 

Grade:

B

 

No of pages / words:

3 / 601

 

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4320 times

 

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Essay content:

The International Accounting Standards Board (IASB) was founded on April 1, 2001. Its role is to encourage companies nationwide, that are doing business with the United States, to adopt a set of financial statements that are reliable, accurate and compatible with the rest of the world. Introduction We live in a rapidly changing and expanding market...
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World markets have become closely entwined. Foreigners have an interest in American food, music, television, just as Americans have a desire to drive and purchase foreign cars, clothing and other items. As the world economy continues to become globalized, many investment and/or credit decisions must be made based on analysis and interpretation of financial statements; however, there is a lack of uniformity in accounting standards between the different countries...
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