Seminar paper from the year 2007 in the subject Business economics
- Revision, Auditing, grade: 1,0, University of Glamorgan, course:
International Accounting & Auditing, 47 entries in the
bibliography, language: English, comment: This essay provides an
analysis concerning the obstacles of the quest for true
cross-border auditing harmonisation despite the existence of
International Standards on Auditing (ISA). Thereby, cultural,
social, legal, political and finally, economic hurdles are
examined., abstract: This essay provides an analysis of the many
hurdles in the process of truly harmonised international auditing
standards. The method of analysis for this essay included a review
of the current literature available in libraries and on the
internet. The cultural barriers are regarded as the most difficult
to overcome since they comprise of people's behaviours as well as
languages. Further, it is stated that the translation process is
one of the major hurdles since words in different languages are not
equivalent to the English ones. Moreover, cultural diversity may
also cause a general resistance as the standards are dictated by
big audit firms. Additionally, the IFAC is mainly influenced by the
USA and the EU which might continue to cast a damning light on the
ISA. Alternatively, the level of education and the lack of
professional auditing bodies in some developing countries embody
the social problems. The political hurdles contain the pride of
sovereignty and the political system of countries. Additionally,
governments are reluctant to abandon their right to prescribe the
standards for professions. Furthermore, it will also be difficult
to find a majority in the national parliaments because current
national standard-setters or representatives from businesses might
exert pressure on the members of parliament to reject ISA. On the
other hand, differences in national legislation as well as in the
legal system are the main part of legal obstacles.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
(1)
(3)
