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FASB: International (765 words) |
 | IASB projects are monitored by the FASB based upon the FASBs level of interest in the topic being addressed. |
| Standard setters, financial statement preparers and auditors, and regulators should be aware of similarities and differences between the financial reports that would be produced under IASC standards and those produced under national standards. |
| Factors that the Board considers in assessing topics for the agenda include (a) the possibility that resolution would increase convergence of standards worldwide, (b) the opportunities the topic presents for cooperation with other standard setters, and (c) whether appropriate and sufficient resources are available for a joint or other cooperative effort. |
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International Accounting Standards Board - Wikipedia, the free encyclopedia (163 words) |
| The International Accounting Standards Board (IASB) was founded on April 1, 2001 as the successor of IASC based in London, UK. |
| The IASB hopes that through the creation of international accounting standards, it makes one set of financial statements more compatible with the rest of the world. |
| Before the transformation the non-profit organization IASC Foundation was founded in March 2001 in Delaware, US as the parental body of the IASB. |
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