InternAccting_Wk1Discussion

InternAccting_Wk1Discussion - Week 01 Discussion -...

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Week 01 Discussion - Development of International Accounting There are many factors that influence the development of international accounting in our global marketplace. Plus there are many dimensions to international accounting. Conduct research to locate an article that discusses the development of international accounting standards. Prepare a brief summary of the article and indicate why you feel this is an important issue. Also include the URL of the article. I was able to find an article that discusses the development of international accounting standards entitled, “International Accounting Standards and Their Implications for Accountants and U.S. Financial Statement Users”. The article starts by stating the reasons for having to create international accounting standards. One of these reasons is that, “As businesses and trade barriers between nations become less restrictive (e.g., under the influence of the North American FreeTrade Agreement -- NAFTA), differences among national accounting and auditing standards
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InternAccting_Wk1Discussion - Week 01 Discussion -...

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