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International Accounting Standard Setting

Disclaimer. Expressions of individual views by members of the IASB and its staff are encouraged. The views expressed in this presentation are those of the speaker. Official positions of the IASB on accounting matters are determined only after extensive due process and deliberation. . Advisory Gr

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International Accounting Standard Setting

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    1. International Accounting Standard Setting Liz Hickey Director of Technical Activities, IASB

    2. Disclaimer Expressions of individual views by members of the IASB and its staff are encouraged. The views expressed in this presentation are those of the speaker. Official positions of the IASB on accounting matters are determined only after extensive due process and deliberation.

    3. Structure

    4. IASB objectives To develop, in the public interest, a single set of high quality, understandable and enforceable global accounting standards; To promote the use and rigorous application of those standards; To work actively to bring about convergence of national accounting standards and IFRSs.

    5. The world is getting smaller

    6. IASB - convergence Agreement with FASB to achieve convergence of standards Other convergence work with China and Japan Working in close co-operation with other national standard setters

    7. Convergence with US GAAP Work programme with FASB expressed in Memorandum of Understanding agreed with SEC and EC SEC road map aim is to do away with reconciliation to US GAAP This requires: high-quality standards consistent implementation effective enforcement

    8. The IASB agenda

    9. The IASB agenda

    10. The IASB agenda

    11. The IASB agenda

    12. The IASB agenda

    13. Research agenda

    14. Research agenda

    15. Tracking the process Website www.iasb.org Meetings: Observer notes Web cast of IASB meeting Decision summaries / Update Newsletter - Insight (quarterly)

    16. International Accounting Standard Setting

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