Examining the challenges and opportunities in the globalisation of accounting firms

Level: Undergraduate | Grade: First | Approx. Word Count: 4,600

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Overview

This dissertation has been focused on examining and analysing the challenges that are faced by international accounting and auditing firm when seeking to extend their presence into emerging markets.

Emerging markets, including those of China, Russia and India, are have an increasing impact on both world trade and the performance of the global financial markets. This has provided opportunities for international accounting firms to expand their global reach into new markets. However, due to difference in the political and cultural structure of these market places, it is apparent that there are challenges to entry for the accounting firms that need to be addressed if they are to succeed with this strategy.