International Accounting Essay
International business are no longer confronted only with Accounting problems, which ends at domestic borders. When companies, equity, or capitials cross borders they are confronted with new cultures, challenging new laws and differences in political systems. Besides that there are the differences in Accounting Standards abroad. For example there are the US gaap and IAS.
The lack of similar Accounting Standard led to problems in comparing financial datas and informations. Another issue is that not all financial statements or Accounting Standards are accepted in all stock exchanges. Example, companies who would like to be listed in New York Stock Exchange, have to …show more content…
IASB and EU-success :- 1- The directives were implemented by all member countries although some took their time, example Italy. 2- The issue of fourth directives led to several changes in the accounting practice in member states. 3- The directives were legalized and prescribed by law. 4- The stock exchange had set minimum standards for listed companies but the requirement of the 4th directive apply to