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International Accounting Standards Board

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International Accounting Standards Board (IASB)
The group that creates and issues the International Financial Reporting Standards (IFRS). It is the successor to the IASC (International Accounting Standards Committee,) which created the IAS (International Accounting Standards).

International Accounting Standards Board (IASB)
A privately funded, London-based organization whose goal is to establish a single set of enforceable global financial reporting standards. The IASB was originally formed in 1973 as the International Accounting Standards Committee.


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The International Accounting Standards Board has published for public comment an exposure draft of proposals to improve financial instrument accounting.
It will be a congregation of renowned experts in the area of accounting, auditing and management from International Federation of Automatic Control (IFAC), the Confederation of Asian and Pacific Accountants (CAPA), the International Accounting Standards Board (IASB) and other international bodies including leaders from Trade and Industry of India.
Financial Accounting Standards Board [FASB] has been working with London's International Accounting Standards Board [IASB] since 2002 toward what accounting professionals call convergence.
 
International Accounting Standards Board
 
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