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Essay

Financial Reporting

Essay specific features

 

Issue:

Business

 

Written by:

Thomas O

 

Date added:

December 5, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1413

 

Was viewed:

6209 times

 

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Essay content:

Regulations regarding an organization’s regulatory environment and issues with foreign currency vary within domestic and foreign companies. The differences in GAAP also vary between the two. When U.S. companies do business overseas, they must also follow certain rules regulated by the Foreign Corrupt Practices Act (FCPA)...
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According to CPE Inc. (2008), “Every company and employee directly or indirectly involved in a foreign operation should have a working knowledge of the FCPA (para. 4). The Financial Accounting Standards Board (FASB) is the U.S. organization that creates the rules and regulations domestic companies must abide by according to GAAP...
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