Please provide us with your experience in using, auditing or analyzing the application of such standards. Globally As mentioned, the IFRS is a globally accepted standard for accounting, and is used in more than countries.
Recent events in the United States have highlighted the importance of high quality auditing standards and, at the same time, have raised questions about the effectiveness of today's audits and the audit process.
Please provide specific examples.
Audit requirements may not be sufficiently developed in some countries to provide the level of enhanced reliability that investors in U.
In addressing this issue, please analyze the quality of the standard s in terms of the criteria we established in the press release.
However, as clients of audit firms have shifted their focus to global operations, audit firms have followed suit and now operate on a world-wide basis. Additional depreciation[ edit ] Many systems allow an additional deduction for a portion of the cost of depreciable assets acquired in the current tax year.
On the other hand, other factors could continue to deter foreign access to the U.