Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. is it necessary to have a set of international aud

Is it necessary to have a set of International Auditing Standards? Would it be better if...

70.2K

Verified Solution

Question

Accounting

Is it necessary to have a set of International AuditingStandards? Would it be better if the International AccountingStandards were allowed to be set by or be based upon U.S. auditingstandards? Or perhaps International Auditing Standards should beset by the United Nations? In your opinion, is it perhaps easierfor the world to reach an agreement on International AuditingStandards than it is for the world to reach an agreement onInternational Accounting Standards? Why or why not for each of theabove individual questions? Be specific.

Answer & Explanation Solved by verified expert
3.8 Ratings (605 Votes)
Having an international set of audit standards is necessary as it enables uniformity of financial reporting for companies that are located in various countries and geographical locstions It enables comparability for investors putting their    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

Use the following to fill in the next several statements. (A) increases, (B) decreases, (C) has no...

Civil Engineering
1.2K views

You are part of the water supply engineering team of your council. Your team is working...

Biology
1.2K views

One acre of land is equivalent to 43,560 square feet. Write a program that asks...

Biology
1.2K views

All of the following is true of the Populist Party EXCEPT O They favored the...

Basic Math
1.2K views

removes reduces defers or adjusts the tax liability O Tax sheltered Investments O Tax reduction...

Basic Math
1.2K views

Multiple Choice Question Reconstructive memory influences relationships because O it helps overcome self serving biases...

Statistics
1.2K views

Question 15 Itranscript n a certain town 40 of adults have a college degree Suppose...

Calculus
1.2K views

find f x h O x 2xh h 3x 3h O x h 3x 3h...

Algebra
1.2K views

4 Add Write your answer in simplest form 2x 15 x 3x x 6 x...

Accounting
1.2K views

First, let's decide how be reported in the financial statements. The lawsuit should...

Accounting
1.2K views

Broadway Company is deciding whether to acquire Landmark Company. Use the following information to create...

Accounting
1.2K views

Financial & Managerial Accounting (problem 14.5A, c. (2) & (3). Sweet Tooth Incorporation's Quick Ratio...