会议专题

Accounting and Auditing Standard Setting for Small and Medium Business:Should Other Economies Follow Lessons Learned in the United States?

  Global accounting and auditing standards have been emerging in recent years.These trends may prove promising for comparative decision making on the present health and future prosperity of businesses of all sizes.In the United States,a country which has not yet fully committed to converge with all international standards,there has been increasing interest in the perception of needs for differential accounting and auditing standards for commercial enterprises of varying sizes and other characteristics.This paper traces the development of U.S.standard setting over the past 30 years,pinpointing advantages and disadvantages to evaluating the economic outlook on various entities over this time period,and addresses parallels that seem to be emerging in other countries.Recognizing the role of accounting and auditing in the U.S.is compliance derived from sources that are not totally statutory,yet must subscribe to rules, presents an interesting dilemma,and perhaps opportunities for the development of accounting and auditing in other countries.This paper illustrates distinct advantages,and appropriate limitations,in having a structure of standard setting bodies for accounting and auditing that meet the needs of the constituent members of the community,all the while adhering to the tenets of professionalism.Asian economies may benefit from the differential standards appropriate for small and medium business.The paper concludes with recommendations for future directions in standard setting and implementation for small and medium business financial reporting.

accounting auditing China private companies standard setting small business

Gregory S. Kordecki

Clayton State University, USA

国际会议

Fourteenth West Lake International Conference on Small & Medium Business(第十四届西湖国际中小企业研讨会)(WLICSMB2012)

杭州

英文

3-14

2012-10-13(万方平台首次上网日期,不代表论文的发表时间)