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.
References in periodicals archive ?
Editor's Note: The writer is a former member of the FASB Emerging Issues Task Force (EITF) and Advisory Task Force on the Consolidation Project, the International Accounting Standards Committee (IASC), and the AICPA Accounting Standards Executive Committee (AcSEC).
The International Accounting Standards Committee Foundation announced the release of the near final version of the IFRS Taxonomy 2009 for public comment on Jan.
The resolution is to be addressed to the European Council and the European Commission, as usual, but also to the Committee of European Securities Regulators (CESR), the International Accounting Standards Committee Foundation (IASCF) and the IASB.
IAFEI becomes voting member of International Accounting Standards Committee.
When I was on the International Accounting Standards Committee from 1990 to 1994, the IASC strove to write principles-based standards, an approach that FASB clearly opposed.
The International Accounting Standards Committee (IASC), which aims to set accounting standards for worldwide cross-border transactions, has named 19 trustees to carry out the oversight function of the organization.
The financial regulatory authorities of the EU, US and Japan have got together with the International Organisation of Securities Commissions (IOSCO) to agree improvements to the governance of the International Accounting Standards Committee Foundation (IASC).
The International Accounting Standards Committee (IASC), the oversight body of the International Accounting Standards Board (IASB), named Kurt Ramin to lead the organization's work with XBRL International.
In the interest of brevity, a final point: In the past, FASB and its supporters have implied that its processes and pronouncements are superior to those of other standards-setting bodies, such as the late International Accounting Standards Committee (IASC), on whose board I served from 1990 to 1994 as the ATCPA representative.
005101CPA09) contains all of the outstanding pronouncements on professional standards issued by the AICPA, the International Federation of Accountants, and the International Accounting Standards Committee.
org will become a collection of organizations representing the independent reporting of different jurisdictions such as the United States, Canada, Japan and the International Accounting Standards Committee.
Australia, Canada, England, Germany, Taiwan and Wales, along with the International Accounting Standards Committee, are involved in the XBRL working group.

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