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Discuss how globalization has changed the role of a certifie

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Discuss how globalization has changed the role of a certified public accountant practicing in the United States today.

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

Discuss the challenges facing certified public accountants in the U.S. when operating in a globalized economy.

Discuss your recommendations for dealing with the challenges identified in the previous question.

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Discuss how globalization has changed the role of a certified public accountant practicing in the United States today.

-- The main issue is that as globalization becomes more and more prevalent, CPAs must acquire skills and knowledge outside of their current arena of knowledge. Greater globalization means that various accounting principles take effect, and what was once handled in a completely domestic framework of accounting now must expand to incorporate accounting for the international operations of the company. It requires time and ...

Solution Summary

Discuss how globalization has changed the role of a certified public accountant practicing in the United States today.

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

Discuss the challenges facing certified public accountants in the U.S. when operating in a globalized economy.

Discuss your recommendations for dealing with the challenges identified in the previous question.

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