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Essay / Research Paper Abstract
This 10 page paper discusses the argument that the successful development of international accounting standards has more to do with political influence and necessity than with the conceptual validity of the standards that have emerged. This is examined with respect to national and international standards concerning accounting practices and goodwill with the countries of China, the UK and the UIS used as examples. The bibliography cites 8 sources.
Page Count:
10 pages (~225 words per page)
File: TS14_TEpolaccis.rtf
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Unformatted sample text from the term paper:
terms if the way the International Accounting Standards Board (IASB) is not accountable due to the lack of political control (Hargreaves and Tricks, 2004). However, this separation between politics
and accounting may not be as clear as this criticism indicates and the development of international accounting standard may be seen as politically as well as commercial driven. Internationally
commerce may be seen as benefiting many companies, but it is also a phenomenon that benefits governments. If we look at the role of governments a great deal of the
time, effort and resources are used to control the economy, including helping development. For many economies this means encouraging international investment. The development of international trade is seen as
a stabling effect on the economy with the increased level of exports to bring in currency as well as a way of increasing wealth. There are also many examples
of governments seeking to influence the standards set out by the IASB. A recent example of this is the EU and IASB disagreement over the latest draft for IAS 39
and IAS 32 and the question mark over whether or not these will e accepted by the EU (European Report, 2004) This also brings us to the argument of without
international support of governments the IASB measures may not be as readily taken up and unless they are used they will have little impact. To consider ho and why government
will see these measures are helping meet political aims we need to look at why there is a movement for harmonisation in the first place in order to met both
economic and political objectives. There are many bodies that agree with the need for a single standard to be adopted internationally. FASB
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