International Accounting Standards Committee

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International Accounting Standards Committee

Also called the IASC. An organization established to standardize accounting practices across the world. Although the IASC had no authority to enforce its rulings, a number of countries followed its guidelines anyway. In 2001, the IASC was replaced by the International Accounting Standards Board.
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At its March 1987 meeting, the IASC Board appointed a Steering Committee, chaired by Ralph Walters, now representing the AICPA on the IASC Board, to use the IASC Framework "to test the validity of alternative treatments and decide whether they are acceptable.
I am looking forward to Ms Gosling's contribution to the IASC, Mr Chester said.
IASC aims to serve as a platform for original ideas and existing programs centered on evidence, results and research," says Adam Armstrong, director of IASC.
Benson tambem pode ter feito pressao a favor do IASC porque nao o agradava a qualidade das normas contabeis britanicas e porque acreditava, como no caso do impacto nas praticas de auditoria britanicas produzido pelo livreto do AISG sobre os estoques, que as normas e praticas contabeis britanicas poderiam beneficiar-se da participacao de seus orgaos contabeis em um empreendimento global colaborativo de normalizacao.
Since the program's foundation, IASC students have discovered several hundred objects.
IASC noted that the vast majority of aloe vera products for oral consumption are decolorized, or purified.
The international accounting standard setting process for the extractive industries formally commenced in 1998 when the IASC added the extractive industries project to its agenda (IASC 1998).
IASC Chairman Sharpe and Secretary-General Carsberg asked Ed Waitzer, a lawyer and former Chairman of the Ontario Securities Commission and of the IOSCO Technical Committee, to become chairman of the SWP, and he accepted.
During the conference Bill Pine, vice president of sales at Improve USA, stepped down from his two-year term as IASC chairman was replaced by Aloecorp's Mick Anderson.
IASC restructures and adopts new constitution; European Commission announces plan to adopt international accounting standard no later than 2005.
Attractions at the IASC will inc lude a re-creation of Sir Isaac Newton's laboratory and exhibits documenting mankind's Search for Extraterrestrial Intellig ence (SETI).
While the majority of current security efforts, such as fire walls, place the primary burden of security on end users, IASC research will focus on all elements of the network: telecommunications providers, enterprise networks, customer networks, and hardware and software vendors, according to company spokesman Wes Warnock.