List the potential benefits that a multinational corporation

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Reference no: EM133475562

Case Study: You have been invited to join a roundtable discussion at the Securities and Exchange Commission. The topic is: Challenges that the accounting profession faces in a global marketplace. This is in reference to the various accounting systems and standards that exist throughout the world.

Prepare your opening comments for the roundtable discussion in 2pages. In your comments, include discussion of the following:

Question 1: What are the advantages and disadvantages of having a single set of accounting standards used worldwide?

Question 2: What are some of the major problems caused by worldwide accounting diversity for U.S. and multinational corporations?

Question 3: List the potential benefits that a multinational corporation could gain from having accounting standards harmonized internationally?

 

Reference no: EM133475562

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