who issues the accounting standards?

Answer Posted / h.r. sreepada bhagi

As mentioned by Ms. Richa Bindal, International Financial
Reporting Standards (IFRS) is now issued by 'International
Accounting Accounting Standards Board' (IASB) which was
formerly known as 'International Accounting Standards
Committee' (IASC) Since April, 2001.

The mistake by oversight is regretted.

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How to post salary advance transfer from one branch to another branch ?

1015


What is a cpa?

696


What is partnership accounting?

628


Do you know what is the importance of team work in this position?

584


What qualification do you need to become an accounting professional?

628






what is one way , two way matching , three way , four way matching ?

1397


Sir, we have investment shares some company how to calculate gain/loss please send format brefly fifo, lifo and average method

1551


The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.

1392


Is it compulsary to give TOEFL for applying US visa.

1653


Company ABC split 1:3 on March 31, 2009 and split 3:1 on March 31, 2008. Date Close Price # of Shares Revised Closed Price Revised # of Shares June 15, 2009 $75.00 3000 $75.00 April 23, 2009 $72.00 2300 $72.00 March 31, 2009 $67.00 999 $ March 31, 2008 $275.00 300 $91.66 November 30, 2007 $233.00 6800 $77.66 October 6, 2006 $1,333.00 13000 $444.33

1554


all ques. related to accounts?

1676


What are the 4 principles of gaap?

655


what is turn over? what is vat? what should ido to become a expert in acount? plese ans me

1753


What is the difference between provision and reverse?

609


M/s ABC Brothers, which was registered in the year 2000, has been following Straight Line Method (SLM) of depreciation. In the current year it changed its method from Straight Line to Written Down Value (WDV) Method, since such change would result in the additional depreciation of Rs. 200 lakhs as a result of which the firm would qualify to be declared as a sick industrial unit. The auditor raised objection to this change in the method of depreciation. The objection of the auditor is justified because (a) Change in the method of depreciation should be done only with the consent of the auditor (b) Depreciation method can be changed only from WDV to SLM and not vice versa (c) Change in the method of deprecation should be done only if it is required by some statute and change would result in appropriate presentation of financial 6 statement (d) Method of depreciation cannot be changed under any circumstances

1383