International Accounting Standards Board (IASB)

May 12th, 2015
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Armstrong Atlantic State University
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A London-based organization which seeks to set and enforce standards for accounting procedures. Over 100 countries currently require or permit companies to comply with IASB standards. It is responsible for maintaining the International Financial Reporting Standards (IRFS).

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International Accounting Standards Board (IASB)DefinitionSave to FavoritesA London-basedorganizationwhich seeks to set andenforcestandards foraccounting procedures. Over 100countriescurrently require orpermitcompaniesto comply with IASB standards. It is responsible for maintaining theInternational Financial Reporting Standards(IRFS). The organization was preceded by theInternational Accounting Standards Committee (IASC). See alsoGenerally Accepted Accounting Principles (GAAP).Read more:

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