Globalization



Globalization

Introduction

Globalization is a term that has, in many instances, come to replace the older and no less complex notion of “development.” In fact, globalization, has replaced the term development as the new action word of contemporary international governance discourse. Not simply a term that describes an inevitable process that is shaping the modern world, globalization, when conflated with development, is a meta-policy guiding the way to social and economic well-being in the global community. This paper will discuss the impact of globalization on the public certificed accountants and their way of working. It will also discuss the major issues that they have to face due to globalization and in the end, recommendations are made so that they are able to solve these issues appropriately.

Discuss how globalization has changed the role of a certified public accountant

practicing in the United States today.

Globalization has impacted almost everyone. The Certified Public Accounting has also being impacted everywhere around the world. The United States has being impacted on large grounds because the rules and standards on which these people operates have being affected by globalization. People who are in this field have to be informed of the changing rules and regulations and policies so that they are able to keep up with the changing world. The impact of globalization on the certified public accountant has been huge.

Discuss how either the convergence or adoption of International Financial Reporting Standards (IFRS) will impact the public accounting profession in the United States.

The impact of the International Financial Reporting Standards (IFRS) on the Public Accounting Profession in the United States that without training they will not be able to adapt to the changes. The changes are so drastic that not every person in the industry will be able to work in way that is required by thr IFRS. The ...