Briefly explain generally accepted accounting principles (GAAP), and describe why it is important that public companies follow GAAP when preparing financial statements. Give your opinion on whether private companies should be required to follow GAAP. Prov What are the 10 principles of accounting? Ident...
ahis orguement was so convincing that everyone identified with his opinion 他的orguement如此令人相信大家辨认以他的看法 [translate] a(b) our Company approved and adopted its new Memorandum of Association and Articles of Association with effect from [▪]; (b) 我们的公司批准了并且采取了协会它新...
An external audit from a certified public accountant (CPA) can check for GAAP compliance on a company’s financial statements. This external audit, also known as auditor’s opinion, is a certification that verifies the procedures and information on a company’s reports and determines any error ...
Prior studies have used abnormal discretionary accruals, financial restatements, the likelihood of issuing a qualified opinion, or meeting/beating market earnings expectation as proxies for poor audit quality. The findings of these studies have been mixed and can be attributed, in part, to the ...
A compliance audit can be helpful for staying in compliance with the Department of Labor by examining wage rates with wage laws among other areas. The financial statement audit is the one I will be concentrating on by examining the financials to be sure Apollo Shoes in compliance with the ...
.OnekeyaspectofGAAPisanemphasison"general,”whichdoesallowforsomediscretioninhowrigidlyaparticularprincipleisfollowed.SomeobservershavecalledGAAPa“sixlanehighway”wherealllanesarelegal,butnotthesame.InessenceGAAPaccommodatessomevariationinappliedaccountingmethodsaslongasthemethodsgenerallyadheretothissetofprinciples....
Give your opinion on whether private companies should be required to follow GAAP. Prov Discuss the differences between GAAP and IFRS. How does IFRS differ from GAAP regarding accounting changes? List some of the major differences in accounting between IFRS...
This study also examines which independent audit firms issued the audit opinion and which sets of accounting standards were used (IFRS, US GAAP or Chinese... Robert W. McGee,Xiaoli Yuan - 《Ssrn Electronic Journal》 被引量: 164发表: 2008年 The Timeliness of Financial Reporting: A Comparative...
(SEC). The SEC mandates that publicly traded companies in the U.S. file GAAP-compliant financial statements regularly to maintain their public listing on stock exchanges.3GAAP compliance is verified through an appropriateauditor's opinion, resulting from an external audit by acertified public ...
The auditor must obtain sufficient appropriate audit evidence by performing audit procedures to afford a reasonable basis for an opinion regarding the financial statements under audit. Standards of Reporting The auditor must state in the auditor's report whether the financial statements are presented in...