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International Accounting Standards

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Here is the problem I am having difficulty with. There is alot of information on the web, but I unable to sort through it all.

Provide a brief history or discussion of the IASB, making sure to include the following additional facts:
1. The role of the IASC Foundation
2. Structure of the IASB
3. Number of accounting standards currently published
4. Explanation of the steps involved in creating an international accounting standard in accordance with due process

Also, briefly summarize the two most recent accounting standards issued by the ISAB.

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1. The role of the IASC Foundation
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The International Accounting Standards Committee Foundation (IASC Foundation) is the oversight body for the International Accounting Standards Board (IASB). The objectives of the IASC Foundation are stated in its constitution as:

(a) To develop, in the public interest, a single set of high quality, understandable and
enforceable global accounting standards that require high quality, transparent and comparable
information in financial statements and other financial reporting to help participants in the
world's capital markets and other users make economic decisions;

(b) To promote the use and rigorous application of those standards; and

(c) to bring about convergence of national accounting standards and International Accounting Standards and International Financial Reporting Standards to high quality solutions. (IASC Foundation, 2002, para. ...

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International Accounting Standards Board (IASB)

Write a report, providing your responses to the required portion of the case. Be sure to properly cite all resources used to write your report. If you use an electronic source, include the URL. If you use an additional printed source please attach a copy of the data to your paper.

CASE:
A manager you work for is making a business trip to London. The manager has several meetings at the company's operating units in London. In addition, the manager is considering a visit to the International Accounting Standards Board (IASB) office in London. The manager has asked you to perform some research on the IASB so that he will have some background information for his visit. (Hint: A helpful search term is "International Accounting Standards Board"). Locate the following information and incorporate this information into a two- to three-page report.

REQUIRED PORTION:

a. Provide a brief history or discussion of the IASB, making sure to include the following additional facts:

(1) The role of the IASC Foundation.
(2) Structure of the IASB.
(3) Number of accounting standards currently published.
(4) Explanation of the steps involved in creating an international accounting standard in accordance
with due process.
(5) Local mailing address and phone number.

b. Briefly summarize the two most recent accounting standards issued by the IASB.

Be sure to properly cite all resources used to write your report. If you use an electronic source, include the URL. If you use an additional printed source please attach a copy of the data to your paper.

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