Glautier and underdown (2001), observed that regional grouping of accounting associations indeed developed
accounting principles, peculiar to their culture, religion, government policies, political and socio-economic
environment. These were later absorbed into International Accounting Standards Committee work plan. This
approach assured determination and comparability of profit, revenue, expenses, net assets, and liability
internationally. Accounting bodies now regulate and ensure compliance to the application of GAAP, (Adeniyi,
2004).
Glautier and underdown (2001), observed that regional grouping of accounting associations indeed developedaccounting principles, peculiar to their culture, religion, government policies, political and socio-economicenvironment. These were later absorbed into International Accounting Standards Committee work plan. Thisapproach assured determination and comparability of profit, revenue, expenses, net assets, and liabilityinternationally. Accounting bodies now regulate and ensure compliance to the application of GAAP, (Adeniyi,2004).
การแปล กรุณารอสักครู่..
