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- Kushibe Sachiko
- The International University of Kagoshima
Bibliographic Information
- Other Title
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- 中小企業監査における判断規準としての中小企業会計基準
- チュウショウ キギョウ カンサ ニ オケル ハンダン キジュン ト シテ ノ チュウショウ キギョウ カイケイ キジュン
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Abstract
<p> This present paper discusses the possibility that the audit will be contributed to by two distinct kinds of accounting standards for small and medium enterprises (SMEs).</p> <p> Firstly, it is questionable whether accounting standards for SMEs are validated in the presence of corporate accounting standards. Therefore, it is discussed whether each of these two standards contradicts the other, based on the relationship of accounting standards for SMEs to the Financial Instruments and Exchanging Act, Corporate Law and Tax Law.</p> <p> Secondly, since “auditing of accounting for SMEs(SME Audit)” is defined as “adjustment of books” and “the authenticity of the financial statements”, it is discussed whether the two kinds of accounting standards for SMEs serve the purpose of auditing both entities: financial institutions and SMEs.</p> <p> Thirdly, with “the position of accounting standards for SMEs in the whole accounting standards system” in mind, this paper examines “compliance (with accounting standards for SMEs)” and “appropriateness (of them in the respect that they show transactions properly, are consistent with the overall descriptions and contain the statements that they should contain).”</p> <p> In conclusions, “compliance” is found out to be what both “the Guideline of Accounting for SMEs” and “the Basic Guidance of Accounting for SMEs” correspond to. But, it is necessary to be pointed out that the concept of “considerable depreciation” inherent in “the Basic Guidance” will compel us to reconsider it in respect of “appropriateness” in auditing. It is also suggested that the reconsideration of “considerable depreciation,” too, is a future issue when appropriateness is an essential requirement for the “SME Audit.”</p>
Journal
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- Journal of Accounting Resarch for Small- and Medium-sized Entities
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Journal of Accounting Resarch for Small- and Medium-sized Entities 2018 (4), 47-58, 2018
Japan Accounting Association for SMEs