April 2, 2008 – 6:28 pm
- Institution: International Accounting Standards Board
- Abbreviation: IASB
- Type: Private
- Founded: 2001
- Members Total: 0
- Membership in: FSF
- Membership of: IOSCO, African Development Bank, Asian Development Bank, Inter-American Development Bank, IMF, ECB, World Bank
- Description: In March 2001, the International Accounting Standards Committee (IASC) Foundation was formed as a not-for-profit corporation incorporated in the State of Delaware, US. The IASC Foundation is the parent entity of the International Accounting Standards Board, an independent accounting standard-setter based in London, UK.
The IASB structure has the following main features:
The IASC Foundation is an independent organisation having two main bodies, the Trustees and the IASB, as well as a Standards Advisory Council and the International Financial Reporting Interpretations Committee.
The IASC Foundation Trustees appoint the IASB members, exercise oversight and raise the funds needed, but the IASB has sole responsibility for setting accounting standards.
- Working Group:
- Outreach:
- Reporting to:
- Website:http://www.iasb.org
- Highest Organ: Council of Trustees
- Chair: Gerrit Zalm, former Deputy Prime Minister and Minister of Finance of the Netherlands
- Seat: London
- Function:
- Standards: IFRS
Topics of this post:
accounting standards,
financial architecture,
iasb,
iasc,
Organisations
See also
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