TAX | ACCOUNTING | INTERNAL CONTROL
International Financial Reporting Standards (IFRS) is a set of accounting standards stating how particular types of transactions and other events should be reported in financial statements. IFRS are issued by the International Accounting Standards Board (IASB).With IFRS becoming more widespread on the international scene, consistency in financial reporting has become more prevalent between global organizations.
Relevance
Faithful representation
Verifiability & Comparability
Timeliness & Understandability
Taxation

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Individual income taxes
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Corporate income taxes
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Payroll taxes
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Capital gains taxes
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Sales taxes
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Gross receipts taxes
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Value-added taxes
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Excise taxes
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Property taxes
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Tangible personal property taxes
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Estate and inheritance taxes
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Wealth taxes
Accounting
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Financial Accounting
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Cost Accounting
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Auditing
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Managerial Accounting
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Accounting Information Systems
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Tax Accounting
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Forensic Accounting
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Fiduciary Accounting

Internal Control

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Preventive
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Corrective
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Detective
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Accounting control
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Transaction flow
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Effective personnel policies
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Internal control structure
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Safeguard over assets and records
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Segregation of duties
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