ACCG101 Study Guide - Final Guide: Ifrs Foundation, Institute For Advanced Studies In Basic Sciences, Listing Rules

• School: Macquarie University
• Department: Accounting and Corporate Governance
• Course: ACCG101
• Professor: All

Document Summary

International accounting standards board (iasb) international accounting. Standard nor reject a standard only parliament can do this: 1 january 2005 australia joined ias. Australian accounting standards board (aasb: development of conceptual framework, formulating standards in association with the corps act, accounting standards for public and nfp sectors, assisting the ifrs for international standards. Asic and asx: administers corps act 2001, monitors implementation of the act and investigates and prosecutes breaches, promotes confidence in financial system, asx, administers listing rules, played a major role in the aasbs adoption of iasb rules. Independent, privately funded accounting settler: overseen by the ifrs foundation, established in 2001, committed to a single set of high enforceable standards. Includes writing letters or testimony at an arranged hearing to expose its views: overt or covert threats to seek intervention, pressure may constitute threats to withdraw funding or appeals.