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WISTA 2008 Annual Conference

History. IASB (International Accounting Standards Board) / IASC (Committee) was formed in the early 1970?s, about the same time as the FASBEarly standards allowed many optionsEfforts were made to harmonize standards in the early 1990sSome early adopters came from countries with multinational comp

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WISTA 2008 Annual Conference

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    1. WISTA 2008 Annual Conference International Financial Reporting Standards- Impacts and opportunities for your company October 17, 2008

    2. History IASB (International Accounting Standards Board) / IASC (Committee) was formed in the early 1970‘s, about the same time as the FASB Early standards allowed many options Efforts were made to harmonize standards in the early 1990s Some early adopters came from countries with multinational companies but few local accounting rules (e.g., Switzerland, Australia) IASB was restructured in 2001 and began issuing IFRSs (International Financial Reporting Standards) in 2003

    3. Momentum for a Global GAAP

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