CGA加拿大注册会计师The Current Environment

　　高顿网校小编为您介绍CGA加拿大注册会计师The Current Environment：
 

　　How relevant are these factors to the 2010 professional and regulatory landscape? It’s important to note that no singular event will have changed the recent state of the world more than the emergence of a world-wide recession of late 2008 that left no country untouched. After an extraordinary period of strong economic stability and growth, the world’s largest and most developed economies faced a severe recessionary period with associated business failures, belt-tightening and rising unemployment.
 

　　As the global economies have slowly emerged from this dramatic recession, economic growth has resumed but at a much slower pace. Meanwhile, emerging economies such as Brazil, Russia, India and China are expected to have a strong effect on the global economic recovery and hence a greater global influence.
 

　　The impact of globalization and economic inter-dependency has also severely tested the vulnerability of local economies to deal with restrained credit access and the ensuing recession.
 

　　Over-exuberant investors, weak underwriting standards, unsound risk management practices, increasingly complex financial products and excessive leverage all combined to create vulnerabilities in the global economic system. Major underlying factors included inconsistent and insufficiently coordinated macroeconomic policies and inadequate structural reforms.
 

　　The G20 recognized that while financial markets and regulatory regimes are foremost the responsibility of national regulators, financial markets are global in scope and require intensified international cooperation. In addition to taking steps to stabilize the financial system, G20 leaders also used various fiscal measures to stimulate domestic demand and improve economic stability.
 

　　Meanwhile, financial market reform is moving ahead albeit slowly, with the aim of strengthening transparency and accountability, enhancing sound regulation and reinforcing international cooperation.
 

　　In late 2008 the International Accounting Standards Board and the Financial Accounting Standards Board created the Financial Crisis Advisory Group to consider financial reporting issues arising from the crisis. There will undoubtedly be many unfolding accounting and auditing standards-related issues to emerge from this process, which our profession must address.
 

　　高顿网校小编真诚希望以上信息对您能有所帮助！