Конференция, 2012, Проекти и региони

Permanent URI for this collectionhttp://research.bfu.bg:4000/handle/123456789/1793

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    TRANSITION TO INTERNATIOANAL FINANCIAL REPORTING STANDARDS – NEEDS AND PROBLEMS
    (Бургаски свободен университет, 2012) Olivera, Gorgieva-Trajkovska; Aleksandar, Kostadinovski; Blagica, Jovanova
    The efforts for successful conversion to International Financial Reporting standards (IFRS) are characterized by a thorough strategic assessment, creation of a robust step-by-step plan, alignment of resources to the efficient execution of the plan, and smooth integration of the change into normal business operations. In a business-wide conversion, all departments that contribute to the creation of financial information, or that use financial information in their daily activities, should be involved. The existence of a global benchmark enables direct comparison of corporate financial reports between jurisdictions. Such high-quality standards enhance investor’s confidence by allowing economic transactions of a similar nature to be treated and reflected in the same manner around the globe
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    CONFLICTS OF INTEREST IN THE ACCOUNTING AND AUDITING PROFESSION
    (Бургаски свободен университет, 2012) Kostadinovski, Aleksandar; Trajkovska, Olivera; Jovanova, Blagica
    The corporate failures of Enron, Parmalat, WorldCom, HIH and the global accounting firm Arthur Andersen have shaken the foundations of investor confidence in the transparency, integrity and accountability of corporations and capital markets. The damage, both economic and social, has been incalculable, and the implications are far-reaching for corporate management, company directors, audit firms and the investing public. An array of factors contributed to these events, but one thing is for certain – the billions of dollars in corporate value lost were due in significant part to unscrupulous management and boards of directors that failed to meet their responsibilities. The accounting profession, including auditors, also played a major role in these events