Address the following issues/questions:
The international accounting profession has lost its way and is no longer serving the needs of different users of accounting information in a manner which is appropriate and meaningful for the global business environment of today.
Do you agree or disagree?
Identify the different user groups who require accounting information and explain how this information is provided for them.
Discuss how the status of the accounting profession, both in your country and internationally, has been impacted by financial scandals in the recent past and describe what measures have been taken to counterbalance the impact of these.
Do you think that the measures have been successful?
Use the following for referencing and citing:
Atrill, P. & McLaney, E. (2017) Accounting and finance for non-specialists. 10th Ed. Harlow, UK: Pearson Publishing.
Chapter 1, ‘Introduction to Accounting and Finance’
Chapter 2, ‘Measuring and Reporting Financial Position
