0
Name three South-African bodies that were instrumental in aligning South-African financial reporting standards with the rest of the world?
Wiki User
∙ 12y ago
The King III Report by the Institute of Directors sets the bar for financial accountability. Also its predecessors, King I and King II reports.
The other two are not known to me.
Wiki User
∙ 12y ago
Wiki User
∙ 11y agoSaica
Add your answer:
Earn +20 pts
Why does financial accounting have to comply with GAAP but managerial doesnt?
No Accounting standards have been developed for managerial accounting and it is so that because managerial accounting deals and use for internal purpose of management and do not concern with outside stake holders that's why it is on organizations decision that how they use managerial information. IFRS or IAS or GAAP are developed for financial accounting because financial information is required to be disclosed to general public and that's why it is for the benefit for the general user who don't know much about general working of entity so to make it helpfull these accounting standards are developed so that these general public can get information they required from financial statements of the entity easily.
When was Advertising Standards Council of India created?
Advertising Standards Council of India was created in 1985.
What is moral LAXITY?
A decline or loosenes in ones moral standards. The state of giving in to low moral standards.
What are Canada's employment standards?
Employment Standards fall under Provincial jurisdiction, therefore it varies from province to province.
What is the purpose of quality improvement?
Quality improvement is the process of a company adding benefits or increasing effectiveness of activities or processes. There are two ways of doing this; one is by better control and the other is by raising standards. Better control is not maintaining or creating new standards, it is slightly changing the standards to improve them. Raising standards or innovation is the process of creating new standards. Quality improvement is not to be confused with quality control.
What are the three south African bodies that were instrumental standard in aligning south African financial reporting standards with the rest of the world?
sAICA
Mention 3 south african bodies that were instrumental in aligning south african financial reporting standards with the rest of the world?
Saica
WHAT AR three south African bodies that were instrumental in aligning south African financial reporting standards with the rest of the world and why was it necessary to bring about this alignment in T?
1. SAICA 2. Financial Reporting Standards Council 3.Department of Trade and Industry
Mention three South African bodies that were instrumental in South African financial reporting standards with the rest of the world?
reseve bank of south africa
What is frs and ifrs?
FRS - Financial Reporting StandardsIn UK, the chief standard-setter for financial accounting is the Accounting Standards Board (ASB), which issues standards called Financial Reporting Standards (FRSs). The ASB is part of the Financial Reporting Council, an independent regulator funded by a levy on listed companies.IFRS - International Financial Reporting StandardsInternational Financial Reporting Standards (IFRS) are standards and interpretations adopted by the International Accounting Standards Board (IASB). This is used extensively in EU and there are efforts being made to converge accounting standards globally to IFRS.
What is the full form of IFRS?
International Financial Reporting Standards
What body has defined the purpose of financial accounting and reporting?
The basic foundation of governmental financial accounting and reporting in the United States was established by the Governmental Accounting Standards Boards (GASB) in its "Objectives of Financial Reporting,"
Indicate the financial reporting standards applicable on joint venture?
hi
What is Malaysia financial reporting standards?
The Malaysia financial reporting standards include a framework for annual periods. It started on January 1, 2012 with the exception of entities subject to the application of MFRS 141 on agriculture.
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.
The standards and rules that are recognized as a general guide for financial reporting are called?
you may be thinking of Generally Accepted Accounting Principles (GAPP). These rules are pertinent to US companies. Internationally we have IFRS- International Financial Reporting Standards
Why are financial accounting standards important?
These standards are important because external financial reporting can demonstrate financial accountability to the public. They are the basis for many legislative and regulatory decisions, as well as investment and credit policies.
