The International Accounting Standards Board (IASB), based in London, began operations in 2001. The IASB is committed to developing, in the public interest, a single set of high quality, global accounting standards that require transparent and comparable information in general purpose financial statements. In pursuit of this objective, the IASB co-operates with national accounting standard-setters to achieve convergence in accounting standards around the world. The IASB members have a broad range of professional backgrounds and have liaison responsibilities throughout the world. The IASB is selected, overseen and funded by the International Accounting Standards Committee (IASC) Foundation. The IASC Foundation is financed through a number of national financing regimes, which include levies and payments from regulatory and standard-setting bodies, international organisations and other accounting bodies.
Book: Internation Financial Reporting Part A(Download)
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