Ten hard questions to ask or be asked
1 | Why are we interested in managing these numbers? What is it that we want to do with them or find out from them? |
2 | By what duties, ethics and laws am I personally bound when managing and reporting the numbers? |
3 | Do our internal and published financial reports give a true and fair view of the business? |
4 | Under which country’s set of generally accepted accounting principles (GAAP) do we operate? Do we report under more than one GAAP? Why? What is the cost? |
5 | How do international accounting standards (IAS) affect the operations of our company? |
6 | What do our national accounting and regulatory bodies have to say about IAS? Is there any clash between our national and the international accounting standards? |
7 | Are our implementation ... |
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