International Finance and Accounting Handbook

15 • 32 Responsibility for Country Ethical Standards Enforcement Legal Liability Detection of Fraud Africa and Middle EastSaudi ...

for enforcement. For example, during 1990, IFAC issued a Code of Ethics for pro- fessional accountants that set forth fundamenta ...

15 • 34 Country Concept of Independence Functions Generally Not Allowed North and South AmericaArgentina Based on an objective d ...

15 • 35 Italy Must meet in both fact and appearance A partner cannot be appointed as director or “statutory” forcompanies quoted ...

15 • 36 Country Concept of Independence Functions Generally Not Allowed Asia and the PacificAustralia The auditor must be, and m ...

15 • 37 Philippines The public accountant accepts the responsibility of sustaining The following functions are not generally all ...

auditor to have a small financial interest in a client. Although the United States is generally regarded as having the most stri ...

15 • 39 Country Reporting Requirement North and South AmericaArgentina Standard audit report formats have been issued by the Bue ...

15 • 40 Country Reporting Requirement EuropeFrance The auditor must certify the financial statements or qualify the report follo ...

15 • 41 Asia and PacificAustralia The standards report has the following format: We have audited the accounts of X Limited on pa ...

15 • 42 Country Reporting Requirement Asia and Pacific (Continued)Singapore The auditor’s report must state whether the accounts ...

closely tied to the legal system. The minimum qualifications to become an auditor can vary in both education and experience, as ...

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PART IV INTERNATIONAL ACCOUNTING HARMONIZATION CHAPTER 16 International Financial Reporting Standards CHAPTER 17 European Harmon ...

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16 • 1 CHAPTER 16 INTERNATIONAL FINANCIAL REPORTING STANDARDS Paul Pacter Deloitte Touche Tohmatsu CONTENTS 16.1 Introduction 2 ...

16.1 INTRODUCTION. A business enterprise that receives capital from investors and creditors or one that is seeking new capital h ...

(b) Cross-Border Capital Raising in the United States. In the United States, the 1,400 foreign registrants come from about 59 di ...

board would work toward harmonization of any differences. AISG published a total of 20 studies through 1977, when it was disband ...

and about 100 similar organizations. High-quality financial information is vital to the operation of an efficient capital market ...