Factors impacting on the future of the IASB

Item

Title: Factors impacting on the future of the IASB
Description: This paper investigates the factors influencing the future of the IASB, using as the
point of departure, a review of its historical progression towards becoming the global
accounting standard-setting authority. It concludes that the IASB is an organisation
vulnerable to (1) political lobbying of influential institutions, (2) US accounting
authorities decision makers, (3) potential accounting scandals, and (4) cultural
differences resulting in the misapplication of its standards around the world. Such
factors should be borne in mind when charting the next steps for the IASB and in
evaluating the comparability and quality of accounts produced under IFRSs around
the world.
Creator: Sacho, Z.Y.; Oberholster, J.G.I. (Johan Gerhardus Ignatius), 1962-
Subject: Financial Accounting Standards Board (FASB); International Accounting Standards Board (IASB); International harmonisation; Form 20-F reconciliation; Principles-based accounting model; Rules-based accounting model; International Financial Reporting Standards (IFRS); International Accounting Standards Committee (IASC); Securities and Exchange Commission (SEC); Accounting -- Standards
Publisher: School of Accounting Sciences, UP
Date: 2008-07-22T11:19:06Z; 2008-07-22T11:19:06Z; 2008
Type: Article
Format: 155805 bytes; application/pdf; application/pdf
Identifier: Sacho, ZY & Oberholster, JGI 2008, 'Factors impacting on the future of the IASB', Meditari : Accountancy Research, vol. 16, no. 1, pp. 117-137. [http://www.meditari.org.za]; 1022-2529; http://hdl.handle.net/2263/6285
Language: en
Rights: School of Accounting Sciences, UP

Item sets: Accounting