Accounting, Edition 34

The Impact of International Standards in Accounting Education

2 September, 2010

By: Sylvia Meljem

At the same time that globalization is found in every corner of the world, the issue of national and international standards convergence becomes more relevant every day. Almost in all the capital markets convergence towards a set of generally accepted accounting and auditing standards is actively discussed. The contribution of these standards shall be to reduce vulnerability and to strengthen accountability in all the accounting information systems, specially in the securities market, where public companies are listed.

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Accounting, Edition 34

International Auditing and Assurance and Related Services Standards

2 September, 2010

By: Alberto Napolitano

The organized public accountant’s profession in Mexico, formed by the Instituto Mexicano de Contadores Públicos (Mexican Institute of Public Accountants or IMCP as per initials in Spanish) reported the decision to incorporate as of 2012, the International Auditing Standards such as the standards that will regulate the financial information auditing works, of assurance and other related services, provided by independent public accountants in substitution of the current standards issued by the Comisión de Normas y Procedimientos de Auditoría (Auditing Standards and Procedures Commission or CONPA as per initials in Spanish) of the Institute.

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Accounting, Edition 33

Transparency and Corporate Social Responsibility

26 June, 2010

By: Sylvia Meljem, Yanira Petrides y Gabriela Soní

The etymology of words can provide important knowledge and convey an experience directly from both the external and internal world. Human beings use language to understand, interpret and even transform the world (González, 1996). The concept and the term “responsibility” is not modern and appears for the first time in the English and French languages in the year 1787. The first usage of the term was political, in expressions such as “government responsibility” or “responsibility of the government” to express the nature by which the constitutional government acted under the control of the citizens. (Abbagnano, 1989). Social responsibility means the action of responding to society through the consequences of our acts in the exercise of freedom. Corporate social responsibility (CSR) is the specific response of a company to society – including both the positive and negative impact of its activities – which contributes to sustainable development. Today there are conflicting positions regarding the regulation and content of CSR reports demanded of the companies. This paper briefly describes the various reporting guidelines used throughout the world and their outlook.

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