Accounting Regulatory Bodies
Various accounting regulatory bodies are responsible for issuing accounting standards and guidelines in their own countries. These guide the accountants.
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The International Accounting Standards Board
The International Accounting Standards Board (IASB) is an independent, standard-setting organisation of the International Financial Reporting Standards Foundati
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The Sarbanes-Oxley Act of 2002 | Accounting and Ethics
The Sarbanes-Oxley Act of 2002 is a significant legislation aimed at increasing accountability and transparency in U.S. corporations. It was implemented in resp
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What are the Various Functions of IASB?
The International Accounting Standards Board (IASB) is a not-for-profit organization that develops and sets accounting standards to be followed by companies in
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Volkswagen Scandal – An Accounting Perspective
Every public organisation must be accountable for its operations from a financial, social, and environmental perspective (Crane & Matten 2010). There are ma
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What are IFRSs and Their impacts on accounting in Australia?
IFRS are internationally accepted accounting standards that companies around the world need to follow in preparing their accounts. An IFRS account reconciles th
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The Role and Purpose of International Accounting Standards
International Accounting Standards (IAS) offer a standardized framework for the preparation and presentation of financial statements. The standards ensure that
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What are the Various Objectives and Functions of FASB?
The Financial Accounting Standard Board (FASB) was founded in 1973 as an independent, private-sector, not-for-profit organisation. It establishes accounting pri