Beruflich Dokumente
Kultur Dokumente
In Partial Fulfillment
of the Requirements for the Degree
BACHELOR OF SCIENCE IN ACCOUNTANCY
Proponents
Barra, Lyra E.
Cezar, Jims L.
Llaban, Mary Grace S.
Padre, Charmaine R.
Ranara, Jolina M.
Ustaris, Salve Regina A.
October 2018
I. TOPIC
II. INTRODUCTION
and forget.
do about it?
spoken.
structures.
business publications.
the SEC for the 2013-14 fiscal year that ended Sept. 30.
IV. METHODOLOGY
South Africa, and New York. Each member of the group was
assigned a specific country in which he or she will have to
accounting scandals, and the like. All these data will have
presentation.
V. DATA GATHERED/FINDINGS
assignment.
1. AUSTRALIA
Boards standards
FELLOW
MEMBER
ASSOCIATE
ACCOUNTING STANDARDS
Conceptual Framework
Qintex (1989)
guilty of negligence.
Bankwest (2008)
of a seven-year scheme.
well.
reported earnings.
similar practices.
million).
Members (CPAs)
Fellows (FCPAs)
services
2. SOUTH AFRICA
A. Academic requirements
institution:
Financial Accounting 3
Taxation 1
Management Accounting
B. Practical requirements
Organizations (SRO).
accounting bodies:
Members Represent
(mostly accountants
students)
Accounting standards
Practice standards.
South Africa
Comparisons
GRAP v IFRS
IFRS adoption
Education Requirements:
including:
as at least:
global market.
CPA GUIDE:
experience.
aforementioned exam.
Additional Info:
GOVERNING BODIES
Accounting:
activity.
regulatory modifications.
Auditing:
ACCOUNTING STANDARDS
(IFRS)
accounting normalization.
Accounting of PYMES).
- Annual accounts
- Chart of accounts
(Introduction,II no. 6)
Pescanova Scandal
door to sanctions.
Banesto
New Candidates
Competency Map
education.
Others
Those who are not qualified for CPA PEP will get into the
setting.
Pharmaceuticals)
2)
exam.)
Education)
Strategic Professional)
subjects.
management.
Audit Committee
Nominations Committee
Remuneration Committee
Conduct Committee
include overseeing:
4. Professional discipline
actuaries
The Corporate Reporting Review Committee
reporting including:
1. opening an Inquiry;
scheme
to time.
Corporate Reporting
reporting;
matters.
matters;
Actuarial
• GAAP
TESCO-2014
supermarket chain.
John Scouler, the former commercial director for food, have all
competence.
verifiable;
Complete at least 20 hours (or equivalent
Unit route
year, comprising:
learning)
approach.
6.NEW YORK
INTERNATIONAL ACCOUNTING?
practices in the United States and the rest of the world. For
IFRS, as set forth by the ISAB. United states, the FASB releases
the balance sheet and income statements are laid and how debts
are treated.
Inventory Accounting Differences
while the IFRS explicitly prohibits any company from using LIFO.
sale.
GAAP does not allow for assets to be revalued; IFRS allows for
patterns of benefit”
the FASB does not have separate definition for property used as
sale.
document, cash flow FASB requires all of these as well and adds
GAAP.
TOP 5 ACCOUNTING SCANDALS IN THE PAST DECADES
Meyers, and his management team discovered that the company had
owner and former CEO, Dean L Buntrock, guilty, along with the
Skillings, and former CEO, Ken Lay, and kept billions of dollars
consolation to the 20,0000 employees who had lost their job when
was discovered that CEO Dennis Kozloski and CFO Mark Swartz had
stolen over $150 million from company and inflated the company’s
Swartz had siphoned off money using unapproved loans and stock
sales. The scandal was discovered when the SE and the office of
investors.
prison.
VI. RECOMMENDATION
[1]https://www.wits.ac.za/accountancy/why-study/how-do-i-
become-an-accountant/
[2]https://www.saipa.co.za/become-a-member/professional-
accountant-sa/
[3]https://accountingweekly.com/professional-accounting-
bodies-in-south-africa-who-is-who-in-the-zoo/
[4]https://www.saica.co.za/Training/BecomingaCA/tabid/157/l
anguage/en-ZA/Default.aspx
[5]https://www.accountancyage.com/2017/09/27/kpmg-rocked-
south-african-corruption-scandal/
[6]https://www.albany.edu/acc/AccountDptmt/Research/Commonw
ealth/SouthAfrica/Accounting.htm
[7]https://www.sustainalytics.com/sustainblog/auditor-
independence-kpmg-scandal/
[8]https://www.saipa.co.za/continuous-professional-
development-cpd/cpd-requirements/
[9]https://www.researchgate.net/publication/281234071_Stude
nt_Perceptions_of_Accounting_and_Business_Scandals_on_the_A
ccounting_Profession
[10]http: journalofaccountancy
[11]https://en.wikipedia.org
[12]https://www.linkedin.com
[13]https://www.accountingweb.com/aa/standards/number-of-
accounting-fraud-cases-continues-to-rise
[14]https://www.emeraldinsight.com/doi/abs/10.1108/ARJ-
06-2014-0058?mobileUi=0&fullSc=1&journalCode=arj
Manchester, 2012