International Finance and Accounting Handbook

1985 John L. Kirkpatrick of the United Kingdom becomes chairman of IASC. David Cairns becomes Secretary-General of IASC. IASC p ...

1988 Jordan, Korea, and the Nordic Federation (representing accounting bodies in Norway, Denmark, Sweden, Finland, and Iceland) ...

IASC board table as an observer. Bank regulators and asset valuers also join the Consultative Group. A program to seek external ...

1993 Eiichi Shiratori of Japan becomes chairman of IASC. India replaces Korea on board. IASC and IOSCO agree on a list of core ...

Final Standards Published None 1995 Michael Sharpe of Australia becomes chairman of IASC. Sir Bryan Carsberg becomes Secretary- ...

Exposure Drafts Published E52, Earnings per Share E53, Presentation of Financial Statements E54, Employee Benefits Final Stand ...

Final Standards Published New:IAS 33 (1997), Earnings Per Share Revisions: IAS 1 (revised 1997), Presentation of Financial Stat ...

IAS 38 (1998), Intangible Assets IAS 39 (1998), Financial Instruments: Recognition and Measurement Revisions: IAS 16 (revised ...

IASC board unanimously approves restructuring into 14-member board (12 full- time) under an independent board of trustees. IASC ...

IASC holds Board meetings in Sao Paulo, Copenhagen, Tokyo, London. As one of its last official acts, the IASC board approves a ...

European Commission presents legislation to require use of IASC for all listed companies no later than 2005. EFRAG (European Fi ...

SIC renamed to International Financial Reporting Interpretations Committee, with a mandate not only to interpret existing IAS a ...

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17 • 1 CHAPTER 17 EUROPEAN HARMONIZATION Peter Walton Open University Business School, United Kingdom CONTENTS 17.1 Introduction ...

byist. However, it is useful to have a grasp of the main institutions and their interre- lationship. The permanent executive of ...

Once passed by the Council of Ministers, the Commission oversees implementa- tion of directives. However, the EU has its own cou ...

member states in their domestic legislation. It is a unique example of accounting har- monization imposed through the law. Fifte ...

The final version, approved by the Council of Ministers in 1978 (11 years after the initial report—a good example of the potenti ...

The major achievements of the harmonization program were to bring accounting in all the EU member states up to a good and reason ...

Another issue is the degree to which member states enforce harmonization. Ger- many is often criticized as having opted for a “s ...