International Accounting Standards


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Related to International Accounting Standards: GAAP, International Financial Reporting Standards, International Accounting Standards Committee, Ifrs

International Accounting Standards

A former system for standardizing accounting practices across the world. International Accounting Standards were issued by the International Accounting Standards Committee. Though it had no authority to enforce its rulings, a number of countries followed its guidelines anyway. In 2001, the IAS were replaced by the International Financial Reporting Standards.

International Accounting Standards

see ACCOUNTING STANDARDS.
References in periodicals archive ?
The course hosted Paul Pacter, Director of Standards for Small and Medium-sized Entities (SMEs) at the International Accounting Standards Board (IASB); and Mr.
The International Accounting Standards Board is an independent, privately- funded accounting standard-setter based in London, UK.
On behalf of Tax Executives Institute, I am writing to provide comments to the European Commission regarding the use of the International Accounting Standards (IAS) for company tax purposes in the European Union (EU).
In 2002, Chairman Herz presided over FASB's historic Norwalk Agreement with the IASB, under which the two Boards agreed to work together to develop a common set of high quality, international accounting standards will better serve the global capital markets.
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).
Generally Accepted Accounting Principles (GAAP) and the International Financial Reporting Standards (IFRS) issued by the London-based International Accounting Standards Board (IASB).
Securities and Exchange Commission, stock exchanges and various trade groups, IASC publishes its first volume of proposed international accounting standards.
Q: Why, in 2001, did the International Accounting Standards Committee reorganize as the IASB?
The International Accounting Standards Committee Foundation (IASCF) is launching a programme to help accountants prepare financial statements under international accounting standards in the run-up to the 2005 implementation deadline (see "Clarity begins at home, FM February 2002).
WASHINGTON -- Three of the world's largest life insurance trade associations are warning that draft international accounting procedures under consideration by the International Accounting Standards Board (IASB) will produce "misleading and deceptively volatile results" that would be damaging to policyholders, life insurance companies and their stockholders.
This month, the FASB and International Accounting Standards Board (IASB) announced a new international working group to reconsider their standards on lease accounting, with a first meeting scheduled for February 2007.
Sir David Tweedie, the ever-optimistic Scot who chairs the International Accounting Standards Board, tells Ellen Heffes that he's actually seen more progress in the past four years than he had originally expected--that he thought it would be "more of a slog.

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