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What are the differences between Indian Accounting Standards and International Accounting Standards?
Indian accounting standards are developed by Indian board and only applicable in India while international accounting standards are developed by International Accounting standard board and applicable to all countries.
What is the acronym for an organization that promotes the international harmonization of accounting standards?
International Accounting Standards Committee (IASC) by umair sajedin
What are advantages and disadvantage of harmonisation of international accounting standards?
what are advantages and disadvantages of harmonisation of accounting standards
What are the differences between Indian accounting standards and U.S. accounting standards?
Here is a link to a great paper by from the SEC , outlining the major differences in International Accounting Standards.
What are the different bodies that are responsible for developing and enforcing accounting standards in Australia?
Start with the International Accounting Standards Board.
What accounting Standards are followed in Solomon Islands?
In the Solomon Islands, the accounting standards primarily follow the International Financial Reporting Standards (IFRS) as adopted by the Solomon Islands Accounting Standards Board (SIASB). The SIASB is responsible for issuing accounting standards that align with international practices while considering local regulations. Additionally, the Public Sector Accounting Standards are based on the International Public Sector Accounting Standards (IPSAS). These frameworks aim to enhance transparency and consistency in financial reporting within the country.
Why using Accounting Standards?
Accounting standards help to standarise the financial reporting of companies in all areas to make it easier to make comparisons. With the international accounting standards it allowes this to become international, once exchange rated have been applied.
How many international accounting standards are there in fiji?
37
How is International Accounting Standards Board made up?
no
Which organization is primarily responsible for developing a single set of worldwide accounting standards?
International Accounting Standards Board (IASB)
What is different between auditing and international accounting standard?
The international accounting standards are standards to which the accounting procedures for organisations must comply with. It specifically relates to the preparation of reporting, such as the preparation of the financial statement, cash flow statement and the balance sheet. Auditors are professionals who analyse whether the organisation has prepared all the statements in accordance with the accounting standards, and any errors are reported to the related governing body, which in Australia is ASIC. For more details, please look up the Corporations Act which has a large section related to financial statements and auditors.
Who is responsible for formulating accounting standards?
International accounting standard board is responsible for standards more information athttp://www.iasb.org/Home.htm
