上海金融学院会计财务管理系.pptVIP

* 07/16/96 * ## * 07/16/96 * ## * 07/16/96 * ## * 07/16/96 * ## * 07/16/96 * ## * 07/16/96 * ## * International Accountingand Multinational Enterprises 上海金融学院会计财务管理系 王 纯 * International Auditing Issues Chapter Twelve * International Auditing Issues Introduction Auditors as both individuals and firms are going increasingly international due to increased globalization of business; Financial advisors must be as multinational as their clients; To accomplish this professional accountants have formed global organizations, 1 * Introduction (Cont.) External auditors provide clients with global value added services, including: Tax advice, Training, Financing Controls Review, Basic Accounting Services. 2 * The Accounting and Auditing Profession Auditing as defined by: Quantifiable and verifiable financial data of economic entities; Established criteria; A competent and independent person to test the correspondence between the data and the criteria. This definition must be considered in light of differing domestic/international accounting/ auditing standards. 3 * The Accounting and Auditing Profession (Cont.) 4 Auditor quality relates to a nation’s: View of the accounting profession, A nation’s educational system, and Method of certification of auditors and accountant. * Global Audit Services and the International Auditing Challenge Services provided by global audit firms: Audit services; Tax advisory services; Consulting/ Management services. The global environment presents unique challenges for auditors: Local business practices/customs; Differences in currency, language, and law; Distance and organizational issues; Availability of suitable personnel. 5 * Local Business Practices and Customs Can create challenges in confirming what has occurred: Payment by cash rather than check is common in many countries making record-keeping difficult; Confirming accounts receivable is difficult due to language differences, lack of customer experiences, mail problems, and privacy