??????????????? The business world is becoming more global as we look to decrease costs and increase profits. As businesses begin to move production to other countries, as well as trade in other countries, a push for a single international accounting body has increased. ?Investors, multinational companies, regulators, the securities industry and developing countries all look to harmonize accounting (Saudagaran, 2001). The diversity in the world has brought troubles to global accounting, while many groups have pushed for harmonization in accounting principles.
??????????????? Many groups have urged for accounting harmonization. ?Intelligent investors are looking to take their money to other markets and want to make successful decisions. ?Reliability and comparability are the main issues that investors face when looking to invest in countries other than their own (Saudagaran, 2001). ?They are at the risk of converting another countries' financials to financials they understand, and simply do not have the time or money in which to invest globally. ?While
With investors and companies expanding their efforts into diverse countries, regulators White Matthews Jersey are forced to monitor companies with differing financials. ?Regulators want to comply with foreign businesses without having to drive them away. ?With the monitoring of firms with different financials in their authority, regulating can become quite costly. ?More costs are brought onto a company when they look to exchange stock globally. ?These costs pose a problem because stock exchanges are looking for listings growth and transactions from foreign companies. ?As the world becomes more dependent upon diversity in the business world, companies are not only looking to list their stock in other countries, but trying to look attractive as well (Saudagaran, 2001).
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