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    The International Accounting Standards Board (IASB) is an independent organization based in London that develops global accounting standards, with the goal of having a single set of high-quality standards used worldwide. The IASB is committed to creating transparent and comparable financial reporting standards in the public interest. So far they have promulgated 40 International Accounting Standards, working with national standard setters, to converge accounting rules globally.

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    The International Accounting Standards Board (IASB) is an independent organization based in London that develops global accounting standards, with the goal of having a single set of high-quality standards used worldwide. The IASB is committed to creating transparent and comparable financial reporting standards in the public interest. So far they have promulgated 40 International Accounting Standards, working with national standard setters, to converge accounting rules globally.

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    35 views1 page

    International Accounting Standards Board

    Uploaded by

    opusawar
    The International Accounting Standards Board (IASB) is an independent organization based in London that develops global accounting standards, with the goal of having a single set of high-quality standards used worldwide. The IASB is committed to creating transparent and comparable financial reporting standards in the public interest. So far they have promulgated 40 International Accounting Standards, working with national standard setters, to converge accounting rules globally.

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    International Accounting Standards Board (IASB): The International Accounting Standards Board is an independent, privately-funded accounting standard setter

    based in London, UK. Board members come from nine countries and have a variety of functional backgrounds. The Board is committed to developing, in the public interest, a single set of high quality, understandable and enforceable global accounting standards that require transparent and comparable information in general purpose financial statements. In addition, the Board cooperates with national accounting standard setters to achieve convergence in accounting standards around the world. The IASB is responsible for developing and approving International Accounting Standards (IAS). Todate, a total of 40 IAS have been promulgated by the IASB and its predecessor, the International Accounting Standards Committee (IASC). http://www.iasc.org.uk

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