The World Wide Web provides low-cost access to a vast amount of information about financial reporting requirements and practices worldwide.
Required:
Refer to Appendix 1-2, which provides Web site addresses for stock exchanges in more than 50 countries. Select a stock exchange and do a Web search for information about the financial reporting requirements for listed companies in that market. (Many stock exchange Web sites provide information on their own financial reporting requirements, such as those related to annual and interim reporting, and links to national securities regulatory bodies.) Present a brief overview of financial reporting regulation of the stock exchange you select. (Note: The IASB Web site, at www.iasb.org, also presents information about accounting-principle requirements at stock exchanges around the world.)