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International Midterm

  1. French Standard Setting
    CNC (58 members) makes recomendations. CRC (15) coverts those recomendations into regulations. They will both become the ANC.
  2. The "Plan"
    French accounting objectives and principles. Rule for everything. Mandatory.
  3. Accounting profession influence in France
    Some
  4. Users/preparers France
    No
  5. Organized labor france
    some
  6. tax france
    yes
  7. ministry/commercial law france
    yes
  8. stock market france
    no
  9. security commission france
    no
  10. accounting profession germany
    some
  11. users/preparers germany
    some
  12. organized labor germany
    no
  13. tax germany
    yes
  14. ministry/commercial law germany
    yes
  15. stock market germany
    no
  16. securities commission germany
    no
  17. czech accounting profession
    some
  18. czech users/preparers
    no
  19. czech organized labor
    no
  20. czech tax
    no
  21. ministry/commercial law czech
    yes
  22. stock market czech
    no
  23. securities commission czech
    no
  24. japan accounting profession
    yes
  25. netherlands accounting profession
    yes
  26. uk accounting profession
    yes
  27. india accounting profession
    yes
  28. us accounting profession
    yes
  29. mexico accounting profession
    yes
  30. china accounting profession
    yes
  31. japan users/preparers
    yes
  32. netherlands users/preparers
    yes
  33. uk users/preparers
    yes/some
  34. india users/preparers
    some
  35. us users/preparers
    yes
  36. mexico users/preparers
    yes/some
  37. china users/preparers
    maybe
  38. organized labor japan
    no
  39. netherlands organized labor
    no
  40. uk organized labor
    no
  41. india organized labor
    no
  42. us organized labor
    no
  43. mexico organized labor
    no
  44. china organized labor
    no
  45. japan tax
    yes
  46. netherlands tax
    no
  47. uk tax
    no
  48. india tax
    no
  49. us tax
    no
  50. mexico tax
    no
  51. china tax
    no
  52. japan ministry/commercial law
    yes
  53. netherlands ministry/commercial law
    some
  54. uk ministry/commercial law
    some
  55. india ministry/commercial law
    some
  56. us ministry/commercial law
    no
  57. mexico ministry/commercial law
    little
  58. china ministry/commercial law
    yes
  59. japan stock market
    some
  60. netherlands stock market
    no
  61. uk stock market
    yes
  62. india stock market
    some
  63. us stock market
    yes
  64. mexico stock market
    some
  65. china stock market
    some
  66. japan securities commission
    yes
  67. netherlands securities commission
    no
  68. uk securities commission
    no
  69. india securities commission
    some
  70. us securities commission
    yes
  71. mexico securities commission
    some
  72. china securities commission
    some
  73. French audit oversight
    High Council of External Auditorss
  74. Germany audit oversight
    Auditor Oversigh commission
  75. Japan audit oversight
    Certified Public Accountant and Auditing Oversight Board
  76. Czech audit oversight
    Audit Public Oversight council
  77. Netherlands audit oversight
    NIvRA
  78. UK audit oversight
    FRC
  79. US audit oversight
    PCAOB
  80. Commercial law of France
    Code de Commerce
  81. Stock market regulators of France
    AMF
  82. French body of accountants
    OEC
  83. French body of auditors
    CNCC
  84. France: responsible for enforcement of accounting standards for listed companies
    AMF
  85. France: responsible for setting audit standards
    CNCC comitiee
  86. France: supervising/enforcement of audits
    High Council of External Auditors
  87. Germany code or common?
    Code - shifting towards fair presentation
  88. German standards setting body
    GASB (private sector)
  89. German accounting enforcement
    FREP (private body) - companies have to voluntarily correct
  90. German auditing standards setting
    Chamber of Accountants
  91. Czech - law?
    Code
  92. Czech accounting standards setting body?
    Ministry of Finance - Accountancy Act
  93. Czech accounting standards enforcement
    Ministry of Finance
  94. Czech auditing standards
    Chamber of Auditors (private sector)
  95. Czech audit oversight
    Audit Public Oversight Council (part of the Chamber of Accountants) (private sector)
  96. Japan 3 laws
    Company Law, Securities and Exchange Law, Corporate Income Tax Law
  97. Japan accounting standards setting body
    ASB of Japan (private sector)
  98. Japan audit standards setting body
    BAC (public sector)
  99. Netherlands - law?
    Code, but always fair presentation
  100. Netherlands accounting standards setting body
    DASB (private sector)
  101. Netherlands accounting standards enforcement
    Enterprise chamber (accounting court)
  102. Netherlands audit standard setting
    NIvRA (self regulated)
  103. Netherlands audit oversight
    AMF - Audit Firm Oversight Division
  104. UK accounting standards setting body
    ASB
  105. UK accounting standards enforcement
    Financial Reporting Review Panel
  106. UK audit standards setting
    Auditing Practices Board
  107. UK audit oversight
    Professional Oversight Board (POB)
  108. UK Accounting what sector?
    All private sector under the Financial Reporting Council (FRC)
  109. India accounting standards setting body
    ASB
  110. India accounting standards enforcement
    Institute of chartered Accountants of India (ICAI) (private)
  111. India audit standards setting
    A&AS
  112. India audit oversight
    No real enforcement, rely on auditors and ICAI
  113. US accounting standards setting body
    FASB (private sector)
  114. US accounting standards enforcement
    SEC
  115. US audit standards setting
    PCAOB
  116. US audit oversight
    PCAOB
  117. Mexico accounting standards setting body
    CINIF (private sector, power underpined by government)
  118. Mexico accounting enforcement
    No true enforcement
  119. Mexico audit standards setting
    Mexican Institute of Public Accountants (MIPA) (private sector)
  120. Mexican audit oversight
    No true enforcement
  121. China accounting standards setting
    State Council - Ministry of Finance - CASC develops Chinese GAAP (ASBE)
  122. China accounting enforcement
    Ministry of Finance
  123. China auditing standard setting
    CICPA
  124. China audit oversight
    CICPA
  125. China stock exchange oversight
    CSCR
Author
Anonymous
ID
64140
Card Set
International Midterm
Description
Midterm
Updated

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