Chapter 10 sheds light on the prominent ethical issues in international accounting and business. A brief explanation is also provided in this chapter of the importance of having an understanding of ethical theories in accounting and business ethics. These theories help explain the ethical...

Chapter 5 examines the International Financial Reporting Standards (IFRS) for small and medium-sized enterprises (SMEs) that were issued by the International Accounting Standards Board in July 2009, outlining their acceptance and the successful implementation of the standards around the world....

Chapter 3 introduces the international ethical standards in accounting by discussing the key concepts and theories in the field. It also introduces the International Federation of Accountants (IFAC) and its ethical principles for accountants, which are known as the International Code of Ethics...

The requirement to provide accounting information that is meaningful and comparable across countries has increased the importance of the quest for global convergence of accounting standards and practices. Adopting international financial reporting standards is unquestionably an essential step...

Chapter 1 defines international accounting and discusses the concepts of international transfer pricing, international taxation, tax havens and money laundering, international auditing, evaluating foreign subsidiary performance, international capital markets, hedging foreign exchange risk,...