Human capacity reporting

Globalization is a trend that is affecting capital markets, financial reporting standards, auditing standards and the free exchange of goods and services across national frontiers. The trend towards globalization has been further encouraged by the growth of emerging market economies, the use of English as a common business language, the efforts of the World Trade Organization (WTO) and others to promote the free movement of qualified accountants worldwide and by the growth of the Internet as a means of global communication. Since accountancy can be said to be the language of business, it has a key role to play in binding the global marketplace together.

Related Subject(s): International Trade and Finance