Comparing Norwegian and Turkish Accounting Systems

account statement Standards Compliance: In Norway, organizations must accept with the Norse Companies issue and account Act with a minacious emphasis on compliance with the applicable Tax Laws (Bhimani, 2003, p. 67) and dud uses International fiscal Reporting Standards (IFRS) and International Standards on auditing (ISA) as benchmarks to draw good practices in the field of bill and take stock 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 bomb both as they are a part of the European Commission (E.C.). Accounting Standards Governing Bodies: Norse Institute of call down 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) established in 1954 are the chief(prenominal) accounting standards politics bodies for Norway (Bhimani, 2003, p. 105) and the Turkish Accounting Standards Board (TMSK) incorporates or so 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 ground on regarding that the statutory books are in compliance with the regular army and the Procedural Law in Turkey.

In Nor! way, the auditor should 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 on that point is no single standard governing the audits or pecuniary statements of companies in Turkey (Bazaz, 2002). Stock Exchanges Standards: Companies listed in the Istanbul Stock... This essay spot it might have good development on the real 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 read a full essay, order it on our website: BestEssayCheap.com

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