Accounting Standards Board

the UK body which prior to 1990 was responsible for the formulation of Statements of Standard Accounting Practice (SSAPs).

It was replaced in 1990 by The Accounting Standards Board Limited. See ACCOUNTING STANDARDS.

References in periodicals archive ?

To help members understand and apply an important new pronouncement, Financial Accounting Standards Board Interpretation No.

Chair's corner

The International Accounting Standards Board (IASB) announced a number of steps it has taken to give constitutents time to prepare for new standards and to provide input to work in progress.

IASB aids IFRS adoption, slows effective dates

The cross-fertilization that's going on is the result of an agreement between the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) to make their existing financial reporting standards compatible with each other to better respond to the complexity of the world's markets (See "The Urge to Converge," page 70).

Convergence: in search of the best: CPAs should understand how U.S. and foreign accounting standards influence each other

The Financial Accounting Standards Board is increasingly in the driver's seat in managing GAAP, whose 100,000 pages of guidelines issued over the past 60 or 70 years are maddeningly complex.

CEOs and the future of GAAP

As my colleagues at the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) will agree, fair value accounting poses many challenges and has sparked significant industry debate.

Fair value accounting

The International Financial Reporting Standard is set to replace the various country-based accounting standards among members of the European Union on Jan, 1, 2005, However, the version that will be adopted relating to insurance contracts--IFRS 4--is the result of a compromise between the International Accounting Standards Board and the insurance industry in Europe, which had several problems with the way the proposed standard would treat insurance contracts, particularly concerning the fair-value method of accounting.

Fair play

At an international level, the Toronto Valuation Accord group continues to support the International Valuation Standards Committee (IVSC) in its work to ensure valuation standards are consistent with and complementary to the financial reporting standards being developed and promulgated by the International Accounting Standards Board.

Valuation organizations support the FASB's market value concepts in financial reporting

Two years ago, the International Accounting Standards Board was a mere benchwarmer in the standards-setting game.

Listen up! International standards take on new importance. (Q&A)

The 2011 annual report utilizes "info-graphics" to illustrate the activities and accomplishments of the FAF and its standard-setting boards--the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB).

The 2011 Financial Accounting Foundation Annual Report Is Now Available

Indeed, the International Accounting Standards Board (IASB) and over 100 countries around the world that have adopted IASB standards embrace the same view.

FASB's Crooch takes issue with FEI's CEO on financial statements

Meanwhile IFAC's International Public Sector Accounting Standards Board (IPSASB) issued four exposure drafts (EDs; www.

The International Auditing and Assurance Standards Board of the International Federation of Accountants (IFAC) approved International Standard on Auditing 230 (Revised), Audit Documentation

Generally Accepted Accounting Principles (GAAP) and the International Financial Reporting Standards (IFRS) issued by the London-based International Accounting Standards Board (IASB).

In search of a new financial order: one global standard for financial reporting makes sense