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3.2.4 Taxation Factors
Different nations apply different types of taxation system in national accounting and reporting. For example, in U.K., tax and financial regulations are independent while the use of tax rules is also available for financial reporting in France and Germany. Regarding tax regulations in specific countries, a progressive taxation pattern is widely used in accounting issues that can be considered as an independent component of financial and accounting management apart from financial regulations.

3.2.5 Corporate Financing System
According to some countries' External Review of Public Financial Management (2006), it was highly recommended that the link between planning and budgeting in corporations should be improved which meant that the efficiency of public equity should be evaluated and monitored. For instance, regarding the corporate financing systems in UK and USA, accounting regulations will be designed to provide information useful for corporate decision-making as to mitigate fiscal risks. Increasingly however, some countries such as Germany and France, capital is offered by the bank; thus accounting regulations will be designed to especially protect creditors.

3.2.6 Social Factors
Corporations are advised to increasingly realize that corporate social responsibility (CSR) is a helpful concept. It is impossible for the government alone to meet the diverse needs of the society.

CSR needs to be made for all efforts to bring the full import of the concept to all stakeholders particularly the government, corporations, and the general community. Moreover, fierce competition and globalization have made it necessary for companies to fully align with the contemporary notion of CSR in order to achieve competitiveness both nationally and internationally.

3.2.7 Other Influences
Some other factors that have substantial influences on accounting and accountants cannot be neglected. In this fast-moving business environment, it posts great challenges to grasp the essence of accounting system improvement. A few months ago, shares plummeted across the world and thus became a financial crisis initiated from US. The sharp downturn in the markets has continued despite massive government interventions in the banking system and accordingly resulted in a heavy influence on world financial and accounting systems. Some other factors such as diverse cultures, importing and exporting for accounting can also impact accounting and reporting to some extent.

4.Conclusion

4.结论

All in all, a good corporate governance system should have strong adaptability with effectiveness, efficiency and suitable to their historic, cultural and economic characteristics; as well as encouraging accounting board and accountants management to pursuant to the objective through appropriate approaches, maintaining effective monitoring system and enhancing confidence of all investors in the market so as to lower the cost of governance and improve economic growth.

This paper has also provided brief information about modern accounting systems in the world especially, not only examined the general economic and social conditions of diverse cultures, but also focused on evaluating various factors implicated in Corporate governance frame本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。