International Auditing Standards in the United States, 2nd Edition

Preface

There has been a great deal written on the topic of the globalization of business operations and finances over the last 30 years. Increasingly, corporations in one nation set up offshore operations in another nation. Further, corporations in one state invest in, or extend credit to, corporations in another state. In addition, capital markets that individual and institutional investors invest in are global in that capital can be disinvested from one firm in State A and almost immediately invested in another firm in State B within moments. The importance of accounting information in facilitating these initial investment decisions and in providing the information investors/creditors need to monitor the outcome of these decisions cannot be ...