Segun Barbie (2008), cuando el IASB solicito en el ano 2002 a la Canadian Accounting Standards
Board (ACSB) realizar una investigacion para analizar las distintas bases utilizadas para la medicion de activos y pasivos incluidos en los estados financieros, dada la inconsistencia en las mediciones de algunas normas de contabilidad; se inicio la revision del marco conceptual emitido en el ano 1989, con el objetivo de proveer una base conceptual para apoyar la revision de los distintos aspectos sobre medicion incluidos en el mismo.
AAOIFI is currently developing revised accounting standards
on investments in real estate, equity of investment account holders, and Takaful or Islamic insurance.
In Argentina, two levels of accounting standards
exist--local and national--and both will base most of their accounting standards
The analysis of these situations reveals that convergence of accounting standards
has affected and will continue to affect U.S.
Publicly traded companies in the European Union are bracing for the implementation of the International Financial Reporting Standard--set to replace the various country-based accounting standards
among the EU member states on Jan.
Those subcommittees are liaisons to the FASB and IASB (International Accounting Standards
Board), the SEC and the Public Company Accounting Oversight Board (PCAOB).
However, the Financial Accounting Standards
Board (FASB) is expected to finalize several new standards and issue Exposure Drafts (EDs) of proposed standards.
The legislation also prohibits the SEC from recognizing any stock option-expensing accounting standard
set by a standard-setting body unless and until: 1) The standard recognizes the true expense of the stock option on a company's financial statement when the option is exercised, expires or is forfeited (a "truing up" requirement); and 2) a comprehensive economic impact study has been conducted by the Departments of Commerce and Labor.Rep.
CPAs who implement accounting standards
at corporations are responsible for promoting the company's accounting health and ensuring that management understands the impact of new regulations.
In order to carry out the implementation of the government accounting standards
system, the relevant matters are hereby notified as follows:
Effective January 1, 2018, the Company adopted the new revenue recognition standard, Accounting Standards
Financial Accounting Foundation sent a letter last week protesting a rule that requires members of a new panel established to shape international accounting standards
to have committed to adopting the standards, Reuters reports.