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Week 5 Team Paper (Regulatory Environment comparison between foreign and U.S. company - Essay Example
Pages 2 (502 words)
For a company working in Brazil, generally the regulatory requirements may not be that much strong as compared to the company which is working in…
Under the old Brazilian Laws, a company was not required to include statement of cash flows into its annual accounts however the same has now been included whereas US companies were required to present the same statement in their annual accounts as it was regulatory requirement. (www.deloitte.com.br, 2008).
Further to that companies in Brazil are not required to prepare themselves for the corporate governance issues such as establishment of separate and independent audit committee, independent board to oversee the affairs of the companies and greater disclosure requirements however Apple, under the US regulatory environment has to ensure the ...
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