Introduction. The Whitlock Company is public accounting firm that I have been working with for the past six years. In the six years I have ensured that I have worked hard and provide my worth through accomplishing the various tasks assigned to me and in the process sharpening my skills and potential. It is for this reason the top management promoted me to the position of head of legal advisor to our clients on matters pertaining the client aspirations to venture into international business. My responsibilities will therefore be advising the clients on the pros and cons of the international business and how to go about. Whitlock Company where I have been given a promotion. My hard work , show of skills and potential led to me been promoted. My responsibility on promotion will entail advising clients on international business. 1 Cont. The company has made much progress since I joined three years later after its establishment and during those years, it has made remarkable milestones which has made it be recognized worldwide. The company is located in Netherlands where its main office is and has several branches all over the world. Some of the service that it offer include; Auditing, Public Accounting, Taxation Accounting, Forensic Accounting and Book keeping. Environmental issues affecting accounting diversity The rule and regulations of accounting are affected by different factors which include: Economic environment This provide the structure and information that need to be reported and hence a major influence of the financial reporting framework which comprises of: Economic openness: this is a good environment for investors since it give the notch of good reporting of accounts. With improved reporting of accounts, there is a high interest in investing in such as country. Privatization: this lead to the availability if finances publicly and have been adopted by various countries such as Pakistan and Iran. It is through privatization that there was need to adopt the International Financial Reporting Standards. (IFRS) in many countries. Economic development stage: this is possible through raising of more capital and adopt different accounting practices that will ensure development. Hence the framework of the accounting practice have a lot in economic development. International trade: the method of approach of international trade affect the framework of accounting that have been used national wise. Hence adoption of the IFRS is not easy for many countries but it paramount for all. Economic environment entails: Economic openness Privatization Economic development stage International trade 3 Political environment There is a major link between the economic system and the political environment in the determination of the practices to be carried out for rules and regulations. A country political system is very important in the determination of its financial reporting. Developed countries whose democracy if highly rated they .