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Wordcount: 1165
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International Accounting:New Zealand
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International Accounting Research Paper
New Zealand
By
Angie Page
Introduction
New Zealand is a follower of the Anglo-American approach to accounting. This accounting style has a strong accounting profession, limited role of government, the importance of securities markets for raising equity capital, and an emphasis upon the true and fair view of audited financial statements.(Wolk, Dodd, Tearney, 2004) New Zealand has Generally Accepted Accounting Practices (GAAP) that is followed for accounting purposes and is based off the United Kingdom accounting.
Standard Setters
Institute of Chartered Accountants’ Financial Reporting Standards Board
The Companies Act of 1955 governed the
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