International Accounting Standards Board

planetary Accounting Standards instrument panel Dawn Becker University of Phoenix- ACC440 Mike Raponi September 5, 2005 external Accounting Standards mesa History The International Accounting Standards Board (IASB) was preceded by the Board of the International Accounting Standards Committee (IASC), which operated from 1973 until 2001. http://www.lasb.org/about/history.asp . The International Accounting Standards Board (IASB) was founded on April 1, 2001. Its role is to encourage companies nationwide, that be doing business with the United States, to adopt a set of monetary statements that be reliable, accurate and compatible with the rest of the world. Introduction We live in a rapidly changing and expanding market. World markets have get going closely entwined. Foreigners have an interest in American food, music, television, plainly as Americans have a desire to drive and bargain for foreign cars, clothing and other items. As the world rescue continues to become globalized, many investment and/or credit decisions mustiness be made based on analysis and description of financial statements; however, there is a lack of uniformity in accounting standards between the disparate countries.

This lack of uniformity has occurred as a result of different legal systems throughout the different countries, as well as different governmental requirements and sparing environments. The International Accounting Standards Board was established to formulate and produce international accounting standards that would be used and accepted worldwide. The ulterior paragraphs will identify the progress that has been made along with the Boards stance on ethics. Many of the established accounting standards are driven by tax or other restrictive needs and are not oriented to the needs of investors. in that location has been an increase in cross-border access to foreign and capital markets that has fuel the international expansion of many businesses. With this expansion,... If you want to get a full essay, order it on our website: Orderessay

If you want to get a full essay, wisit our page: write my essay .