Accounting Reporting Criteria
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Title: Accounting Reporting Criteria

Essay Details:

Subject: English
Author: Karen C
Date: February 10, 2014
Level: University
Grade: A
Length: 4 / 1130

Essay text:

There are some comparisons between the two banks; the regulatory environment; issues with foreign currency and differences in GAAP that show that some accounting reporting criteria are different in each country and some are not different. Regulatory Environment Over the last few years the regulatory environment has changed in the United States to help protect the American people who invest in different organizations. The biggest change is the enactment of the Sarbanes Oxley Act of 2002. This was created because of the shady accounting procedures used by ENRON, and WorldCom (Sox Law). Foreign organizations that are traded on the United States Exchange have to follow the same guidelines as organizations in the United States...

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