"We believe it is imperative the foundation find a permanent funding solution for the International Accounting Standard
Board's activities," Melancon said at an Oct.
128, Earnings per Share, and International Accounting Standard
(IAS) 33, Earnings per Share.
The IASB developed the new "fair value option" under International Accounting Standard
144, Accounting for the Impairment or Disposal of Long-Lived Assets, and International Accounting Standard
(IAS) 35, Discontinuing Operations--and jointly concluded that Statement no.
* As the international accounting standard
goes into effect in the EU Jan.
In May 2008, the AICPA governing Council voted to recognize the IASB as an international accounting standard
setter, giving AICPA members the option to use IFRS as an alternative to U.S.
The Tillinghast Life Insurance CFO Survey found that the trend has companies interested in developments surrounding the adoption of a Phase I International Accounting Standard
by the European Union.
In response to the AICPA governing Council's recent vote to designate the International Accounting Standards
Board as an international accounting standard
setter for purposes of establishing international financial accounting and reporting principles, new and revised Compilation and Review Interpretations of Statement on Standards for Accounting and Review Services No.
The International Accounting Standards
Board issued an amendment to the fair value option in International Accounting Standard
(IAS) 39, Financial Instruments: Recognition and Measurement.
23, Accounting for Incomes Taxes--Special Areas, including the short-term convergence issue of the FASB exemption for unremitted earnings of foreign subsidiaries being eligible for treatment as a permanent (rather than temporary) difference, and IASB's disagreement with that position as it moves to converge its own International Accounting Standard
Therefore, to suit the diverse requirements of businesses as well as investors, countries often allow businesses to choose International Accounting Standards
(IAS) or IFRS when making and presenting reports.
The new dictionary comprises over 12000 terms relating to accounting and auditing, covering International Accounting Standards
, International Auditing Standards, Code of Conduct, finance, investment, banking, insurance and taxes.