SM KPMG individual
Strategic management of KPMG: Creating a story
Abstract
Acknowledgement
1. Introduction
2. History of Accounting- Auditing and Professional Services
The accounting and auditing history, as professional services is closely disciplined and they have related to the communication of information about economic events that has affected to government or private firm, was derived from the beginning of recorded history recent time.
They are developing as a responded demands of the recent and the future, and they have created facilities to develop the capital markets which have provided the a large amounts and brought the satisfied needs of the Industry Revolution (Stettler, H. 2010)
2.1 A History of Accounting and Auditing and Its Standards
Earlier 7000 years ago, some records of accounting have been found. Those document records were presented amount of expenditure, goods receiving and trading. The evident show that accounting actions has been developed from the ancient time.
In 1854, European argued that the professional accountancy had a long history and they are respected by people. Although the number of accountant had just a few in the beginning, it still had increased really fast (Clinton, F.B. 2012).
At the sooner 1929, because of the stock market crash and financial depression. In United State of America, Washington, many important meetings were hold to discuss standard and authority to prepare and auditing a trust financial statement.
Between 1938 and 1959, the Generally Accepted Accounting Principles (Stand for GAAP) were developed and had provided to accountancy and finance a standard framework of guidelines. GAAP has been used and improved to be suitable with the international accountancy and finance until these days.
2.2 Professional services and its networks
According to Løwendahl, B. (2005), “Professional services are occupations in the tertiary sector of the economy requiring special training in the arts or sciences. Some professional services require
Abstract
Acknowledgement
1. Introduction
2. History of Accounting- Auditing and Professional Services
The accounting and auditing history, as professional services is closely disciplined and they have related to the communication of information about economic events that has affected to government or private firm, was derived from the beginning of recorded history recent time.
They are developing as a responded demands of the recent and the future, and they have created facilities to develop the capital markets which have provided the a large amounts and brought the satisfied needs of the Industry Revolution (Stettler, H. 2010)
2.1 A History of Accounting and Auditing and Its Standards
Earlier 7000 years ago, some records of accounting have been found. Those document records were presented amount of expenditure, goods receiving and trading. The evident show that accounting actions has been developed from the ancient time.
In 1854, European argued that the professional accountancy had a long history and they are respected by people. Although the number of accountant had just a few in the beginning, it still had increased really fast (Clinton, F.B. 2012).
At the sooner 1929, because of the stock market crash and financial depression. In United State of America, Washington, many important meetings were hold to discuss standard and authority to prepare and auditing a trust financial statement.
Between 1938 and 1959, the Generally Accepted Accounting Principles (Stand for GAAP) were developed and had provided to accountancy and finance a standard framework of guidelines. GAAP has been used and improved to be suitable with the international accountancy and finance until these days.
2.2 Professional services and its networks
According to Løwendahl, B. (2005), “Professional services are occupations in the tertiary sector of the economy requiring special training in the arts or sciences. Some professional services require