Describe the term "International Auditing Guidelines". How does IAGs impact financial reporting?

Financial reporting is governed by International Financial Reporting Standards, International Accounting Standards, and related interpretations. International Audit Guidelines are meant for auditors and Certified Public Accountants who conduct audits of entities. True, there can be some overlap among the standards, but they are set for different albeit related purposes.

Identify and review all the accounting and finance issues 

This committee is studying the requirements and accounting practices of national and regional, including different accounting treatments appropriate in different circumstances 

   The ultimate present an outline of the work of the Council, who manages the work of the International Accounting Standards Committee, where the Council is composed of representatives of the accounting bodies from13 countries appointed by the Council of the International Federation of Accountants and4 organizations interested in the development of financial reporting.

Agreed with mr georgei

AGREE WITH  ALL ABOVE ANSWERS 

The best Answer added by: georgei assi   مدير حسابات 2 years ago