Standardization and harmonization of accounting practices is a
fundamental element of a global business environment. Achieving this
is a complex process that involves technical and political
negotiation. The International Accounting Standards Committee (IASC)
was the organization that pioneered this process on a world-wide
basis. The IASC prepared the way for the International Accounting
Standards Board (IASB) and its International Financial Reporting
Standards, which since 2005 have held the dominant influence over the
financial reporting of thousands of listed companies in the European
Union, as well as in many other countries. The forces and influences
that shaped the formation of the IASB were intimately connected with
the historical organization and operation of its predecessor, the
IASC, and so to understand the standards enforced in financial
reporting today, a historical understanding of the IASC is required.
Financial Reporting and Global Capital Markets does just this. It
examines the history of the IASC from 1973 to 2000, including its
foundation, operation, changing membership and leadership,
achievements and setbacks, the development of its standards, and its
restructuring leading up to the creation of the IASB in 2001. The book
also studies the impact of the IASC's standards on national standard
setting and on accounting practice in developed and developing
countries, as well as the impact on the IASC of the policies and
positions of the UN, the OECD, the US Securities and Exchange
Commission, the International Organization of Securities Commissions,
and the European Commission. It will be of vital interest to all
concerned with accounting developments in a global environment, be
they academics, policy-makers, or professionals.
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Produktdetaljer
ISBN
9780191537875
Publisert
2020
Utgiver
Vendor
OUP Oxford
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter