Accounting
has been a necessary adjunct of businesses around the world. It has stood as
the reliable face of the past conduct of the enterprise and speaks of the
company in objective and standard terms. This has made the task of accounting a
much sought after one not only by the enterprise but also by the other
stakeholders–both private and public. The reliability of the statement
presented by the professionals is due to the development and enforcement of the
global accounting standards such as GAAP – or ‘Generally accepted accounting
principles’ and the potential IFRS (International financial reporting
standards). For accountants east London region has
taken unique lead in delivering accounting service as according to the
differentiated national standards and rules.
Accounts – An Objective Financial Report
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