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Unit 3: Introduction to US-GAAP

(e) Proposed dividend Notes
(f) Principle of Monetary Unit

Answers: Self Assessment

1. False 2. False
3. True 4. True
5. True 6. US GAAP

7. Indian GAAP 8. Conservatism
9. 1956 10. Investments
11. US Govt. 12. ICAI

13. 29 14. US GAAP
15. 1973

3.7 Further Readings

Books David Coderre (2009). Internal Audit: Efficiency through Automation, John Wiley &
Sons.

Emile Woolf, Moira Hindson (2011). Audit and Accountancy Pitfalls: A Casebook for
Practising Accountants, Lawyers and Insurers, John Wiley & Sons.
Iain Gray, Stuart Manson (2007). The Audit Process: Principles, Practice and Cases,
Cengage Learning EMEA.
Jeanette Franzel (2009). Single Audit: Opportunities Exist to Improve the Single Audit
Process and Oversight, DIANE Publishing.
Susan Switzer (2007), Internal Audit Reports Post Sarbanes-Oxley: A Guide to Process-
Driven Reporting, John Wiley & Sons.

Online links http://usgaap.tripod.com/id6.html
http://www.luxottica.com/en/governance/us_gaap_accounting_policies/
http://www.pwc.in/assets/pdfs/india-publications-similarities-differences.pdf

http://www.termpaperwarehouse.com/essay-on/Ifrs-Vs-Gaap/62520
http://www.tnkpsc.com/Image/Convergence1.pdf

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