Singapore and the International Accounting Standards

Abstract: 8 pages in length. The generally accepted accounting principles and the international accounting standards have some differences and some similarities. How they relate to each other and their applicability in Singapore are the subject of this paper. The GAAP exists in order to engender public trust by providing independently verified financial information. Because of differences between the GAAP and the IASC an investor comparing IASC based financial statements and United States GAAP based financial statements could encounter problems in comparability. Bibliography lists 10 sources.

Filename: JGAsgaap.wps

Pages: 8

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Catagory: Money & Banking / Corporate Finance

Subcatagory: Accounting & Personal Finance

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