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How did the International Federation of Accountants minimize potential for conflict with the International Accounting Standards Committee?
Wiki User
∙ 13y ago
both organizations agreed in 1982 to have a uniform membership in which IASC would concentrate on promoting harmonized accounting standards while IFAC would focus on promoting harmonized professional standards
Wiki User
∙ 13y ago
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What is the responsibility of the Financial and Management Accounting Committee of the International Federation of Accountants?
Financial and Management Accounting Committee : works to increase financial and management accountants' awareness of their professional responsibilities via publications, sponsored research, and forums
What is the responsibility of the Public Sector Committee of the International Federation of Accountants?
Public Sector Committee : produces guidelines and studies of international applicability to national, regional, and local governments and related agencies.
Who are the members of the Executive Committee of the International Federation of Accountants?
An Executive Committee comprised of a president, deputy president, director general, and three other members of Council. It is responsible for the implementation of Council's established policies.
What is the responsibility of the Education Committee of the International Federation of Accountants?
Education Committee : issues guidelines on entry-level and continuing professional education requirements, including prequalification, formal education, tests of professional competence,
What is the responsibility of the Council of the International Federation of Accountants?
It establishes broad policies, appoints various technical committees and task forces, and oversees IFAC's operations through an Executive Committee.
What is the purpose of IFAC-PSC?
The Public Sector Committee of the International Federation of Accountants (IFAC-PSC) assumed responsibility in 1998 for developing a set of financial reporting standards to be adopted worldwide by public sector entities.
What is the acronym for an organization that promotes the international harmonization of accounting standards?
International Accounting Standards Committee (IASC) by umair sajedin
What is the function of International Accounting Standard Committee?
The International Accounting Standard Committee (IASC) oversees the functions of the International Accounting Standards Board in the development of accounting standards that can be adopted by businesses operating in different countries. The goal of this project is to make it easier to compare the financial statements of a business in Country A with those of a business in Country B, providing more useful information to investors who are deciding which companies to invest in.
Why was tennis dropped as olympic sport after 1924?
It was dropped when the International Tennis Federation and the International Olympic Committee had a dispute over allowing amateurs to compete.
Difference between international accounting standard and accounting theory?
IFRSs refers to the new numbered series of pronouncements that the IASB is issuing, as distinct from the International Accounting Standards (IASs) series issued by its predecessor. More broadly, IFRSs refers to the entire body of IASB pronouncements, including standards and interpretations approved by the IASB and IASs and SIC interpretations approved by the predecessor International Accounting Standards Committee On the other hand by simple Accounting Standard we mean " Accounting Standard issued by the Institute of Chartered Accountants of India(ICAI)".
An example of alleged in a sentence?
Example sentences:The school board alleged that the committee over stepped it's authority. (verb)The accountants searched the accounting records for the alleged fraud. (adjective)
What does the abbreviation IFRIC in accounting mean?
International Financial Reporting Interpretation Committee, a support group of the International Accounting Standards Board who issues clarifications and application guidelines to the existing International Financial Reporting Standards in order to resolve any inconsistencies or controversial issues.
