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Who is responsible for setting auditing standards for audits of publicly-traded companies?
PCOAB Public Company Accounting Oversight Board
When was the Governmental Accounting Standards Board established?
The Governmental Accounting Standards Board (GASB) was organized in 1984 under the auspices of the Financial Accounting Foundation.
What were the historical antecedents to the Financial Accounting Standards Board?
The first two standard-setting organizations in the United States were the Committee on Accounting Procedure (CAP), which was established in 1938, and the Accounting Principles Board (APB), which replaced the CAP in 1959
What do you men by ifrs?
IFRS stands for International Financial Reporting Standards, which are a set of accounting standards developed by the International Accounting Standards Board (IASB). These standards aim to provide a common framework for financial reporting that enhances transparency, comparability, and consistency across international borders. IFRS is used by companies in many countries to prepare their financial statements, facilitating better understanding and analysis by investors and stakeholders.
What is the function of the Accounting Standards Executive Committee?
The AICPA's Accounting Standards Executive Committee (AcSEC), which works closely with the FASB and its staff, is the senior technical committee of the AICPA authorized to set accounting standards and to speak for the AICPA
Who is responsible for formulating accounting standards?
International accounting standard board is responsible for standards more information athttp://www.iasb.org/Home.htm
What are the different bodies that are responsible for developing and enforcing accounting standards in Australia?
Start with the International Accounting Standards Board.
Which organization is primarily responsible for developing a single set of worldwide accounting standards?
International Accounting Standards Board (IASB)
What are the two primary organizations in the US that are responsible for setting standards related to the preparation of accounting information?
Financial Accounting Standards Board (FASB) and Public Company Accounting Oversight Board (PCAOB)
Is the financial accounting standards advisory board the same as the federal accounting standards board?
The Financial Accounting Standards Board (FASB) is a private organization (within the Financial Accounting Foundation) that issues financial accounting and reporting standards for nongovernmental entities.
When was Financial Accounting Standards Board created?
Financial Accounting Standards Board was created in 1973.
The statutory and regulatory framework for accounting profession of Nigeria?
Regulation of accounting information is aimed at ensuring that users of financial statements receive a minimum amount of information that will enable them take meaningful decisions regarding their interest in a reporting entity. The bodies responsible for these regulations are often statutory agencies such as the Accounting Standards Board, Securities and Exchange Commission and the Stock Exchange. The bulk of this framework is usually contained in Accounting Standards. The Nigerian Accounting Standards Board is the body responsible for the issuance of Accounting Standards in Nigeria. This Board was initially an advisory body responsible for the production of standards that will serve as a guide to Accountants in the preparation of financial statements.
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.
The Governmental Accounting Standards Board was created under the auspices of what organization?
The Governmental Accounting Standards Board was created under the auspices of the Financial Accounting Foundation.
Who is responsible for setting auditing standards for audits of publicly-traded companies?
PCOAB Public Company Accounting Oversight Board
What is the purpose of a financial accounting standards board?
The purpose of the Financial Accounting Standards Board is to develop (GAAP) generally accepted accounting principles in the US that are in the public's interest.
What is the purpose of the Financial Accounting Standards Board?
The purpose of the Financial Accounting Standards Board is to develop (GAAP) generally accepted accounting principles in the US that are in the public's interest.
