Chapter 1 HW Solutions.pdf - Solutions to Chapter 1 Online Material Questions 1 2 3 4 C B D C Exercises 1 Five organizations had the vision to establish

Chapter 1 HW Solutions.pdf - Solutions to Chapter 1 Online...

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Solutions to Chapter 1 Online Material: Questions 1. C 2. B 3. D 4. C Exercises: 1. Five organizations had the vision to establish the Accountants International Study Group to find a solution to the diverse accounting practices found around the world. The desire to have common practices became more important due to the growth in international commerce, direct foreign investment, and mergers and acquisition after World War II. The founding members of the AISG a re: Institute of Chartered Accountants in England and Wales (ICAEW), the American Institute of Certified Public Accountants (AICPA), the Canadian Institute of Chartered Accountants (CICA), the Institute of Chartered Accountants of Scotland (ICAS), and the Institute of Chartered Accountants in Ireland (ICAI). 2. The Accountants International Study Group founded the International Accounting Standard Committee (IASC) on June 29, 1973. The first members of the IASC were from nine countries: Australia, Canada, France, Germany, Japan, Mexico, the Netherlands, the United Kingdom and Ireland, and the United States.
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  • Fall '17
  • World War II, Accountant, Certified Public Accountant, Canadian Institute of Chartered Accountants, Accountants International Study Group

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