International Finance and Accounting Handbook

jurisdiction, which is in many cases extraterritorial in scope. The SEC has pointed out that, in tender offers for securities re ...

cussed above. This report not only identified the problems encountered by multina- tional offerings but also made recommendation ...

age of financial statements. While wholesale adoption of IOSCO’s disclosure re- quirements may seem radical, the IOSCO disclosur ...

have been persuaded to comply with IASC standards; listed companies in Italy are required, in the absence of local requirements, ...

Throughout this time, the IASC (now known as the International Accounting Stan- dards Board, or IASB, since a reorganization in ...

ity of IASC standards for cross-border securities listings and other purposes are mixed and often are supported by fragmentary e ...

Disclosure Standards project, it is quite likely that the SEC would propose changes to Form 20-F, and, as it did with the adopti ...

14.6 THE FUTURE. Over the next few years, the SEC is likely to be faced repeatedly with demands that it recognize and accept for ...

Statement of John S. R. Shad, Chairman of the Securities and Exchange Commission, before the House Subcommittee on Oversight and ...

15 • 1 CHAPTER 15 TAXONOMY OF AUDITING STANDARDS Belverd E. Needles, Jr. DePaul University CONTENTS 15.1 Introduction 1 15.2 Imp ...

legal, social, and economic systems that exist in the world. The countries represented are Argentina, Canada, Mexico, and the Un ...

seven largest accounting firms) and the institutional muscle of the World Bank and other international institutions such as IOSC ...

monization refers to efforts to achieve, through cooperation among national account- ing organizations, greater uniformity of pr ...

summary, a large group of up to 30 countries will have to comply with IAS and prob- ably ISA by 2005 or soon thereafter. But the ...

15 • 6 Country Title of Auditor Source of Authority Licensing Procedures Training North and South AmericaArgentina Public Accoun ...

15 • 7 Mexico Contador Publico (Public Regulatory law; The Mexican A license is granted by the The academic requirements Account ...

15 • 8 Country Title of Auditor Source of Authority Licensing Procedures Training EuropeThe Netherlands Registeraccountant (RA), ...

15 • 9 France Commissaire aux Comptes Laws, beginning with the The applicant is placed on an Academic diploma, which (Statutory ...

15 • 10 Country Title of Auditor Source of Authority Licensing Procedures Training Europe (Continued)Sweden (Continued) have re ...

15 • 11 Hong Kong Certified Public Accountant Companies Ordinance: Hong The applicant must be Practicing certificates are is- Ko ...