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Dictionary definition: International Accounting Standards Board
- Article from:
- A Dictionary of Business and Management
Copyright© A Dictionary of Business and Management 2006, originally published by Oxford University Press 2006. (Hide copyright information)
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International Accounting Standards Board (
IASB
)
An independent, privately funded body responsible for establishing and improving international accounting standards. It superseded the
International Accounting Standards Committee
(
IASC
) in 2001. According to the mission statement of the IASB, its objectives are: • to develop, in the public interest, a single set of high-quality, understandable, and enforceable global accounting standards that require high-quality, transparent, and comparable information in financial statements and other financial reporting, thereby helping ...