Comparing Norwegian and Turkish Accounting Systems

account statement Standards Compliance: In Norway, organizations must play along with the Norse Companies issue and history Act with a dull emphasis on compliance with the applicable Tax Laws (Bhimani, 2003, p. 67) and dud uses International fiscal Reporting Standards (IFRS) and International Standards on visiting (ISA) as benchmarks to draw good practices in the field of story and canvas regulation. Uniform map of Account (UCA) has been created to develop new accounting standards that would properly fork over accurate and comparable views of Turkish companies (Heely & angstrom; Nersesian, 1993, p. 348). The IFRS standards have put up their way to Norway and turkey both as they are a part of the European Commission (E.C.). Accounting Standards Governing Bodies: Norse Institute of pass on Authorized Public Accountants or Norges Statsautoriserte Revisors Forenings (NRSF) schematic in 1930 and the Norwegian Institute of registered Accountants or Norges Registrerte Rev isors Forenings (NRRF) established in 1954 are the main accounting standards politics bodies for Norway (Bhimani, 2003, p. 105) and the Turkish Accounting Standards Board (TMSK) incorporates almost of the guidelines set forth by the IAS and IFRS in Turkey (Bazaz, 2002). Audit: Large companies are supposed to be audited by a state authorized public control and the other companies may be audited by such a person or a registered accountant in Norway (Heely & Nersesian, 1993, p. 198) whereas the audits conducted are establish on construeing that the statutory books are in compliance with the regular army and the Procedural Law in Turkey.

In Norway, the auditor sho! uld ascertain that the accounts are in accordance with the relevant Companies Act and Accounting Act and they comply with GAAP (Generally received Accounting Principles), whereas in that location is no single standard governing the audits or monetary statements of companies in Turkey (Bazaz, 2002). Stock Exchanges Standards: Companies listed in the Istanbul Stock... This essay plot it might have good development on the actual side, it does not have structure e.g intro, col statements and conclusions. As a set of notes it may be worthwhile If you deprivation to besot a full essay, order it on our website: OrderCustomPaper.com

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