Harmonisation of Accounting Standards
6 pages (1500 words)
, Download 3
...standards. According to Nobes (1996, pg.29), a meeting was held in 1972, and during the 10th International Congress of Accountants at Sydney, the ICCAP (International Coordination Committee for Accounting Profession) was formed as a forerunner to the creation of a recognized organization for the IAS (International Accounting Standards). The IASC (International Accounting Standards Committee), now IASB (International Accounting Standards Board) came into being after 16 accounting agencies representing 9 countries (Canada, France, the United... ?HARMONISATION OF ACCOUNTING STANDARDS al Affiliation) Efforts to harmonize accounting standards began decades ago, with the primary objective being the need to...