senators carl levin and john mccain led investigation into the legality of apple’s accounting practices during the 2000s in the eu.
senators carl levin and john mccain led investigation into the legality of apple’s accounting practices during the 2000s in the eu.
who led investigation into the legality of apple’s accounting practices during the 2000s in the eu?
senators carl levin and john mccain
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governmental accounting standards are currently being dominated by the accounting standards (internationally sometimes referred to as ifrs) originally designed for the private sector. the so-called generally recognised accounting practices (grap) that are being enforced in the public sector of countries such as south africa, one of the front-runners in this regard is based on the generally accepted accounting practices originally developed for the private sector. the above and common sense raises the question of whether this is the best solution. it is, of course, cheaper and it is alleged that the history of separate development of accounting practices for government has not been successful. even at the onset of the current fiscal crisis in europe and other parts of the world, it was argued authoritatively that the sometimes inapplicable accounting practices of the private sector being used, have contributed to the origination of, and belated reaction to, the fiscal crisis.(1)
governmental accounting