Harmonization

WORKING PAPERS No. 207 September 2002 International aim statement Standards: Opinions of U.S.-Based Global Companies by bloody shame Ellen Oliverio, Ph.D., certified public identifyant, professor of account statement Lubin initiate of phone line Pace University and Bernard H. Newman, Ph.D., certified public accountant Professor of Accounting Lubin School of note Pace University worldwide ACCOUNTING STANDARDS: OPINIONS OF U.S.-BASED GLOBAL COMPANIES By bloody shame Ellen Oliverio, Ph.D., CPA and Bernard H. Newman, Ph.D., CPA Mary Ellen Oliverio is Professor of Accounting at the Lubin School of Business at Pace University. Bernard H. Newman is Professor of Accounting at the Lubin School of Business at Pace University. This paper was alert for presentation at the American Accounting Association mid(prenominal) Atlantic Region, Baltimore, Ma ryland, April 25-27, 2002. ABSTRACT Do global companies headquartered in the unify States believe that there is look on in having a single commemorate of multinational chronicle standards for their financial describe?

This is the question for which an answer was sought in an inquiry- found count undertaken in late summer 2001. The value of an international set of standards was highlighted with the acceptance of a new international construction for account statement standard setting and the establishment of the International Accounting Standards Board (IASB), which began functioning in May 2001. A random sample of 100 of the Fortune G! lobal 500 companies that were U. S. found was selected to participate. The chief executive officer was addressed by fabricate and provided with a memorandum and inquiry form to forward to the mortal responsible for consolidated financial reporting in the company. ii subtopics were identified for inquiry. One was related to assessment of international report standards; the second to current global financial reporting...If you want to plump a full essay, order it on our website: OrderCustomPaper.com

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