個案資料

Pick a Number: Internationalizing U.S. Accounting is a six-chapter book published by Business Expert Press in 2014 and written by Roger Hussey, former Dean of the Odette School of Business at the University of Windsor, and Audra Ong, Associate Professor of Accounting at the Odette School of Business at the University of Windsor. In this book, the authors explain how accounting rules can impact a business's financial statements and why the lack of global regulations can pose problems for business. They review how standards are set, the progress and obstacles in establishing international standards, and the differences in US accounting versus international. They explain how the Unites States has been involved in the international process and provide insight on the overall US strategy towards international accounting standards. Chapter 2, The Move Toward International Accounting, reviews the development of accounting standards adopted by multiple companies. The authors argue the importance of international standards by reviewing the development of national standards in Australia, Canada, and the United Kingdom. They look at different influences on a nation's accounting standards, such as taxes, stock exchanges, and culture. They explore the development of the International Accounting Standards Committee (IASC), its original objectives and the inherent problems, and subsequent creation of the International Accounting Standards Board (IASB). They outline the IASB's 6-step standard setting process and system for enforcing regulations. They consider the progress of international standards and cite common issues as well as advantages. The chapter ends with analysis of the Council of Institutional Investors research on requirements for the US to adopt the international standards.

• Financial statements
• Accounting standards
• Business law