Globalization

Day by day the innovation technology shrinks the result line world and many companies are able to belong beyond its geographic boundaries. This phenomenon known as orbiculateization affects occupation superior including accountants in the United States. (U.S.). Discuss how globalization has changed the consumption of a Certified Public Accountant practicing (certified human race accountant) in the United States today. globalisation has not really changed the role of a CPA in the U.S. today, that it indeed has added more responsibilities to his or her job description. Traditionally, a CPA is an accountant for the public at large. He or she provides audit go and other certification and assurance services in addition to business relationship and bookkeeping, tax, and charge consulting services to his or her clients or employers (Arens/Elder/Beasley, 2010, P. 27-28). In the global market, a CPA in the U.S. fulfill same tasks but sometimes in accordance to accounting st andards, mainly global Financial account Standards (IFRS), other than U.S. Generally Accepted story Principles (generally accepted accounting principles). As such, a CPA employed by public, non- U.S. companies registrant of Securities counterchange Commission (SEC) that coach fiscal statements under IFRS has added responsibilities to reconcile those statements to GAAP standards.(Bruce Pounder, 2007, P.

1) for the benefits of the U.S. investors. Discuss how either the convergence or bridal of multinational Financial account Standards (IFRS) leave behind impact the public accounting concern in the United States. The convergence or adoption of the IFRS will! stomach adverse impact on the public accounting profession in the U.S... Accounting professional will accommodate to perform their duties under new standards. Although IFRS and GAAP have some similarities, the twain do have a make do of differences. Accountants have to eclipse those divergences to GAAP in piece to accurately prepare financial statements. The shift will not and impact companies financial statements, but it...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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