Buy critical essays in Accounting
Although accounting research has enjoyed a distinguished presence in academia, it’s only in the last few decades that critical accounting has substantially evolved and matured. Expand your thought process and be an astute accounting professional and business leader. Having in depth accounting knowledge gives one a competitive advantage in the global business world.
As an accounting and finance student and/or practitioner, it is important to be on top of all the constant changes in the world of accounting. The convergence from GAAP to IFRS has been adopted by almost all professional accounting bodies in the world. Approximately 90 countries have fully conformed to IFRS as required by the International Accounting Standards Board. Audit reports for companies doing business in these countries are now accompanied by a statement attesting to this conformity. The main advantage of using IFRS is easier financial statements comparison with foreign competitors.
The broad nature of accounting
Accounting is quite a broad subject which encompasses financial reporting, management accounting, cost accounting, accounting for depreciation, capital accounting, and financial statements. Internal Controls over Financial Reporting are designed to provide reasonable assurance that the company's financial statements are reliable and prepared in accordance with generally accepted accounting principles and/or IFRS. External auditing, is an independent examination of the financial statements prepared by the organization usually done to satisfy statutory and shareholder requirements.
Accounting and auditing oversight
The presence of internal controls and external auditing does not entirely safeguard against accounting fraud and corruption. A case in point is the Enron accounting scandal which led to the dissolution of both Enron and the renowned accounting firm Arthur Andersen. This scandal forever changed the face of accounting. As a result, The Public Company Accounting Reform and Investor Protection Act, also known as Sarbanes Oxley, was enacted in the US in July 2002.
Separate oversight bodies for auditing and accounting?
As a result of a number of critical accounting scandals in recent years, a number of accounting practitioners, accounting researchers and professional accounting associations have called for separate oversight bodies for accounting and auditing to improve accountability and transparency. One can argue, who will audit the auditor? A separation between these two responsibilities for accounting and auditing standard-setting will enhance perceived audit quality and reliability. The United States, Canada and other international standard setting processes are overseen by separate independent accounting and auditing bodies. The United Kingdom and Australia have somewhat similar oversight structures.
Demand for high quality accounting and audits
Empirical evidence shows that quality accounting and high quality audits are now more than ever being demanded by markets, investors and shareholders. This also protects firm reputations (Carcello et. al, 2002). While some accounting practitioners are of the view that the oversight structures in the UK and Australia are inherently weaker than those in the USA and Canada, it can be argued that the Australian model is superior due to market efficiency.
Research methodology in critical accounting essays
Most critical accounting essays follow high academic standards with a clearly defined research methodology. There is a variety of topics, aims, objectives and Research Questions to write on.
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