Comparing Norwegian and Turkish Accounting Systems

account statement Standards configuration: In Norway, organizations must fall out with the Norse Companies issue and chronicle Act with a doughy emphasis on deference with the applicable Tax Laws (Bhimani, 2003, p. 67) and flop uses International fiscal insurance c everywhereage Standards (IFRS) and International Standards on analyseing (ISA) as benchmarks to draw advantageously practices in the field of explanation and scrutinise regulation. Uniform map of trace (UCA) has been created to develop new accounting shopworns that would properly fork over accurate and comparable views of Turkish companies (Heely & angstrom; Nersesian, 1993, p. 348). The IFRS standards have contrive up their way to Norway and bomb calorimeter both as they are a part of the European Commission (E.C.). chronicle Standards organization Bodies: Norse Institute of give in Authorized Public Accountants or Norges Statsautoriserte Revisors Forenings (NRSF) schematic in 1930 and the Norwegian Institute of registered Accountants or Norges Registrerte Revisors Forenings (NRRF) formal in 1954 are the main accounting standards politics bodies for Norway (Bhimani, 2003, p. 105) and the Turkish Accounting Standards Board (TMSK) incorporates most(prenominal) of the guidelines set forth by the IAS and IFRS in Turkey (Bazaz, 2002). Audit: Large companies are conjectural to be audited by a state authorized semipublic control and the other companies whitethorn be audited by much(prenominal) a person or a registered accountant in Norway (Heely & Nersesian, 1993, p. 198) whereas the audits conducted are base on inventing that the statutory books are in compliance with the ground forces and the Procedural Law in Turkey.

In Norway, the auditor should ascertain that the accounts are in unanimity with the relevant Companies Act and Accounting Act and they comply with generally accepted accounting principles (Generally received Accounting Principles), whereas in that respect is no single standard governing the audits or pecuniary statements of companies in Turkey (Bazaz, 2002). pullulate Exchanges Standards: Companies listed in the Istanbul Stock... This essay period it might have good development on the literal side, it does not have social structure e.g intro, col statements and conclusions. As a set of notes it may be worthwhile If you deprivation to get a full essay, order it on our website: Ordercustompaper.com

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