choose a country form the following list:
The paper must have a title page, and abstract, at least 12 pages in the body of the paper, a reference page, and two or more exhibits. The paper will contain, at a minimum, the following information:
A brief history of the country and its cultural heritage
Form of Government
Exports and imports
General relationship with the U.S.
A brief summary of the five largest corporations in the country
Accounting and taxation issues, such as:
– What is the country’s primary source of GAAP (In the U.S. it is the FASB)?
– At least three or four comparisons between the country and the U.S. on accounting for items such as inventory, goodwill, pension liability, reporting parent-subsidiary information, foreign currency translation, etc.
– The country’s attitude or record on corporate financial disclosure.
– Based on an examination of annual reports of business firms or of accounting articles on the subject, what social, employment, or environmental disclosures does the country require?
– What is the status of the auditing profession in the country? How are auditors trained and regulated?
– Are the financial reports translated into U.S. GAAP or IFRS?
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