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Accounting For The Enviroment
Essay specific features
Written by:
Elizabeth J
Date added:
April 19, 2014
Level:
Grade:
A
No of pages / words:
3 / 705
Was viewed:
4371 times
Rating of current essay:
Essay content:
Auditors check for the compliance with accounting standards once the environmental risk is identified.
Several regulation regarding environmental issues have been leased recent year,The FASB Emerging Issues Task Force (EITF) was formed in July 1984 to assist the FASB identify emerging issues affecting financial reporting and resolve problems in implementing authoritative pronouncements...
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5 states under "Accounting for Contingencies" that a liability should be recognized in the financial statements if a loss is probable and the amount is estimable. If the loss amount is not estimable which is often the case, the contingency must be described in the footnotes to the financial statements...
displayed 300 characters
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