Accounting Regulatory Bodies
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What are the Functions of IASB
International Accounting Standard Board (IASB) is an independent, private-sector body (previously known as IASC), based in London. IASB is committed…
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What are Various Functions of FASB
FASB stands for Financial Accounting Standard Board. It was established by the Security and Exchange Act in 1973, as an…
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Cuáles son las funciones de IASB
El Consejo de Normas Internacionales de Contabilidad (IASB) es un organismo independiente del sector privado (anteriormente conocido como IASC), con…
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The Enron Accounting Scandal
Enron accounting scandal is one of the landmark cases pertaining to accounting and auditing ethics practices. Enron collapsed after the…
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Current or Potential Use of Accounting Standards for Sustainable Reporting in India
IFRS in India India is trying to converge with the IFRS standard like many other developing countries while ensuring minimal…
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Volkswagen Scandal – An Accounting Perspective
Introduction Every public organisation is required to be accountable for its operations not only from a financial but also social…
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Characteristics of an Effective Financial Reporting Framework
Any effective financial reporting system needs to be a coherent one (i.e., a framework in which all the pieces fit…
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The Accounting Profession Structure in Australia
The accounting profession in Australia is constructed in a similar manner to the accounting profession in the United States. Whereas in…
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What is an IFRS and its impacts on accounting in Australia?
“IFRSs” is the collective term used to describe the authoritative pronouncements issued by the IASB. Technically, IFRSs comprise the following:1.…
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The Role and Purpose of International Accounting Standards
International Accounting Standards (IAS) refers to a certain level of quality which should be adhered to while drawing financial statements.…
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