Describe issues that the exposure draft and proposal

Assignment Help Accounting Basics

Reference no: EM131036834 , Length: word count:1100

Essay Question-

Find the comment letters received on a current exposure draft or proposal for a new accounting standard. (These can be found on the websites of most standard setting organizations such as IASB, AASB or FASB. Hint: These websites can be quite difficult to navigate, so as a first step try to type "IASB comment letters" in to Google or other search engine of your choice). Read a sample of the comments from a range of respondents and select five respondents, for example from professional accounting bodies, industry, companies or corporate bodies. Include copies of the comment letters you wish to discuss and complete the following task.

a) Describe on your own words the issues that the exposure draft/proposal and comments letters dealt with.

b) Is there agreement among the various groups? Describe the issues where there is agreement/ disagreement and provide examples.

c) In your opinion, which of the three theories of regulation (Public interest theory, Economic interest group theory [Private interest] and Capture theory) explain the comment letters? Justify your answer.

Attachment:- Draft and comment.rar

Reference no: EM131036834

Questions Cloud

Draft a business plan proposal to organize all of your ideas : Provide an explanation for your choice of business entity and A draft of a valid contract with a vendor, supplier, customer, and so forth that illustrates all elements of a contract and takes into consideration some of the topics discussed in the c..

Discuss how the concept of work and career has changed : Discuss how the concept of work and career has changed over the past 100 years. What factors have forced these changes? Include how these factors impact your future career decisions and choices? What is different about the way new graduates will nee..

What were the results of kennedys foreign policy : What were the results of Kennedy's foreign policy? Explain how, having lost the popular vote in 2000, Bush nevertheless became president.

Disadvantages of each type of international staffing policy : What are the three different types of international staffing policies that companies can implement? Identify the advantages and disadvantages of each type of international staffing policy.

Describe issues that the exposure draft and proposal : Find the comment letters received on a current exposure draft or proposal for a new accounting standard. Describe on your own words the issues that the exposure draft/proposal and comments letters dealt with

Formal institutions affect supply chain management-marketing : Which of the following is NOT an example if how formal institutions affect supply chain management and marketing?

Automated digital job application system : List down disadvantages that come about having an automated digital job application system

Automated digital job application system : List down advantages that come about having an automated digital job application system

Describe how diversity can affect innovation : What is diversity, and what implications does it have for sport managers? Also describe how diversity can affect innovation and quality in the context of sport.

User Account

All Pages