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What is different between auditing and international accounting standard?
Wiki User
∙ 11y ago
The international accounting standards are standards to which the accounting procedures for organisations must comply with. It specifically relates to the preparation of reporting, such as the preparation of the financial statement, cash flow statement and the balance sheet.
Auditors are professionals who analyse whether the organisation has prepared all the statements in accordance with the accounting standards, and any errors are reported to the related governing body, which in Australia is ASIC.
For more details, please look up the Corporations Act which has a large section related to financial statements and auditors.
Wiki User
∙ 11y ago
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Indian accounting standard with international accounting standard?
Yes
What is ISA 200?
The proposed International Standard on Auditing
What is international account standard board?
The International Accounting Standards Board is a new accounting standard. Its purpose is to become the global standard of accounting. It has not been fully adopted yet.
What is the function of International Accounting Standard Committee?
The International Accounting Standard Committee (IASC) oversees the functions of the International Accounting Standards Board in the development of accounting standards that can be adopted by businesses operating in different countries. The goal of this project is to make it easier to compare the financial statements of a business in Country A with those of a business in Country B, providing more useful information to investors who are deciding which companies to invest in.
The structure of the international accounting standard board?
Structure diagram
What are the objectives of the International Accounting Standard Board?
help students
What are the differences between Indian Accounting Standards and International Accounting Standards?
Indian accounting standards are developed by Indian board and only applicable in India while international accounting standards are developed by International Accounting standard board and applicable to all countries.
What does iasb mean?
IASB means International Accounting Standard Board.
What is the function of International Accounting Standards Board?
The function of the International Accounting Standards Board is to oversee the doings of Accountants and businesses worldwide. The Board handles the functions of in house police over companies and individuals that come under their purview.
Distinguish between generally accepted auditing standard and generally accepted accounting principle?
general standards field work of standards reporting standards
Who is responsible for formulating accounting standards?
International accounting standard board is responsible for standards more information athttp://www.iasb.org/Home.htm
What has the author Michael Ramos written?
Michael Ramos has written: 'The auditor's guide to understanding PCAOB auditing standard no. 2' -- subject(s): Accounting, Auditing, Corporate governance, Corporations, Public Company Accounting Oversight Board, Rules and practice, Standards 'Polvoron' -- subject(s): Fiction, Social life and customs, Tales
