|
 |
IASB Announces Agenda of Technical Projects LONDON, Aug. 6, 2001 (SmartPros)(IASB) After extensive consultation with its Standards Advisory Council, national accounting standard setters, regulators, and other interested parties, the International Accounting Standards Board (IASB) announced its initial agenda of nine technical projects. IASB Chairman, Sir David Tweedie, observed, “The IASB was formed with a clear mandate -- to promote convergence on a single set of high-quality, understandable, and enforceable global accounting standards. This is the first step towards that goal. Four projects provide leadership or convergence, which of course is our Board’s primary purpose, two others are designed to make existing standards easier to apply, and three more aim to improve the basic standards we inherited from our predecessor organization. We’re on our way.”
Projects intended to provide leadership and promote convergence include:
Projects intended to provide for easier application of International Financial Reporting Standards include:
Projects intended to improve existing International Financial Reporting Standards include:
In addition, the IASB will be working with national standard setting partners in order to ensure that any differences among national standard setters or with the IASB are identified and resolved as quickly as possible. In commenting on this second group of issues, Sir David said, “This shows the strength of our liaison relationship with national standard setters. We intend to operate as a partnership. We could never deal with all of these issues alone, but we can pool resources, monitor each others’ work and develop new standards together as we seek to remove the major differences between our existing standards.”
|
|
|
|||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
