International Financial Accounting Standards: Now The Hard Work Begins

Heffes, Ellen M.
September 2001
Financial Executive;Sep2001, Vol. 17 Issue 6, p70
Academic Journal
The article discusses the purpose of the International Accounting Standards Board (IASB). The IASB was created with the support of a large global constituency, all of whom have allocated resources, people, time, and wealth, all with the purpose of working towards producing one set of internationally accepted accounting standards. Particular attention is given to the question of what accounting issues to start with. After meeting in July 2001 the Board decided to propose a balance of controversial and more mainstream issues simultaneously.


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