Accounting Reporting Criteria

Accounting Reporting CriteriaDuring the last few years, the regulatory purlieu has drastically changed in the United States. The drastic change was make aft(prenominal) the Tyco and Enron sandals were uncovered. The new changes are designed to help protect the American unrestricted who invest in companies in the United States of America. later on on the Tyco and Enron sandals, a light bulb went off at the governance. The government finally realized that they needed to step in to control that companies are honestly account their finances. The action that coitus took was to yield the Sarbanes Oxley map of 2002. ?The bend details the requirements for financial inform for public corporations and is overseen by the Securities and Exchange Commission. The Sarbanes Oxley Act requires all publicly traded corporations to dramatize strict requirements for financial invoice and reporting.? (Phillips, Libby and Libby, 2006)Although several differences constitute among the meth od of accounting reporting criteria of the United States and each county, the global personal line of credit world requires a unique consideration. ?With heightened consumer protection becoming more and more important, regulation of American reporting criteria much(prenominal) as The Sarbanes-Oxley Act (SOX) is common to hear? (Phillips, Libby and Libby, 2006) Since the U.S. has had so much attention habituate to reposting regulations, other countries are finding it more difficult to suggest their own regulations.

Other counties do not have such high levels of accounting criteria and when the U.S. deals with them extra caution is needed. Below pract! ice of law squad A will identify, compare and contrast the accounting reporting criteria differences between a U.S. keep company and a foreign company in regards to the regulatory environment, issues with foreign currentness and differences in GAAP. comparability U.S. and foreign companies issues with the Regulatory EnvironmentEnvironmental accounting is to permit a care tool in the environmental area. This accounting tool purport indices for corporate... If you want to get a abundant essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper