Explore BrainMass
Share

Explore BrainMass

    Differences between IASB AND FASB

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Please help with the following problem. Provide at least 200 words in your explanation.

    My assignment is to find the major differences between the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB).

    © BrainMass Inc. brainmass.com October 9, 2019, 11:18 pm ad1c9bdddf
    https://brainmass.com/business/international-finance/differences-between-iasb-fasb-251794

    Solution Preview

    Problem: My assignment is to find the major differences between the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB).

    Solution:

    Please open attachment for solution.

    Thanks for using BrainMass.com. Have a good day.

    The role of the international accounting standards board (IASB) is "to develop a core set of accounting standards that could serve as a framework for financial reporting in cross-border offerings" (Securities and ...

    Solution Summary

    This solution is comprised of detailed explanation of the differences between the International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB). Major differences are described, and the explanation is given in 207 words.

    $2.19