Worldwide Financial Reporting The Development and Future of Accounting Standards

International accounting standards tend to converge, as do auditing,enforcement and corporate governance, whereas trading of equity shares remainsessentially national. The book provides a thorough analysis of what informationinvestors really need, how financial accounting systems developed and theircurrent requirements in major commercial countries, and examines current issues,particularly the benefits and costs a single or multiple accounting standards,the bases for accounting standards, and limitations to accounting disclosure infinancial statements.