Development organizations, international accounting standards
There are several organizations aimed at development of international standards and to create the climate necessary for the application of these standards and most important of these organizations:
First: the International Federation of Accountants IFAC.
Second: The International Accounting Standards Committee IASC.
Third: The Committee on the Exercise of the international scrutiny of IAPC.
International Federation of Accountants (IFAC)
A global organization of the accounting profession was founded in 1977, its membership includes 155 member organizations in 118 countries, representing more than (2.5) two and a half million accountants.
The Union aims to strengthen the accounting profession in the world and contribute to the development of a strong international economy through the establishment of professional standards and high level to encourage adoption. To achieve its functions. The Union has a close working relationship with bodies and organizations of accounting associates in various countries around the world.
The committees of the Union has developed the following criteria:
- International standards for review and confirmation services.
- International standards for quality control.
- International rules of ethics.
- International qualification standards.
- International Accounting Standards in the public sector.
The union membership in some of the accounting bodies in some Arab countries such as Bahrain, Egypt, Iraq, Lebanon, Morocco, Saudi Arabia and Tunisia.
And implement the Programme of Action of the Union before the following committees:
1 - Education Committee:
And set standards of education and training qualification required to practice the audit (legal accountability) as well as continuing professional education for members of the profession on the Committee's statements be subject to the approval of the Council.
2 - Professional Conduct Committee:
And set standards of professional ethics and enhance their value and accepted by the member organizations with the consent of the Federation Council.
3 - the Committee on Accounting and Financial Management:
Working on the development of financial accounting and management by creating the environment that increase the level of efficiency of management accountants in society in general, and render the necessary data directly on behalf of the Federation Council.
4 - Public Sector Committee:
And develop standards and programs aimed at improving the financial management of the public sector and its accounting
Union membership
n Member of the International Federation of Accountants open to accountancy bodies recognized by law or by virtue of consensus in their home countries as organizations of the importance of a good reputation in the accounting profession. Include membership in the International Federation of Accountants Member of the Committee on International Accounting Standards. The number of accountants in the member organizations of the International Federation of Accountants almost 2.000.000 accountant in professional work and private education and government.
(Commission) International Accounting Standards Board
06/29/1973 Founded in the International Accounting Standards Committee (IASC), following an agreement between the associations and professional institutes in the leading (Australia, Canada, France, Germany, Japan, Mexico, Howlandp, United Kingdom, Ireland, USA) and the objective was to The Committee shall prepare and publish accounting standards and to support the acceptance and adherence to and strengthening the relationship between them and the International Federation of Accountants (IFAC). And considered the Accounting Standards Committee formed after the civil liability and issued statements on behalf of the assets of international accounting.
And has acquired the International Accounting Standards Committee widely recognized its competence and joined by a large number of professional associations in most countries of the world, whether Europe or Asia or elsewhere, which led in 1982 to join all the professional accountancy bodies, which was a member of the International Federation of Accountants ((which was comprising two hundred professional body around the world)) to the International Accounting Standards Committee, where the issuance of 41 accounting standard internationally.
In 2000, the restructuring of the Standards Committee and the Statute of them and was named International Accounting Standards Board (IASB), which was considered, starting from April 2001 is responsible for issuing international accounting standards instead of the Standards Committee as adopted by this Council all accounting standards issued by the Standards Committee International
As the Board in 2002 to re-label ((Commission interpretations)) (SIC) and switch the label to the ((committee interpretations of international standards for the preparation of financial reports)) (IFRIC) aims to explain and clarify the accounting standards existing in addition to providing instructions and guidance permanently on the existing international accounting standards and on the International Financial Reporting Standards.
International Accounting Standards Board IASB
After about 25 years from the beginning in the development of standards, there is a need to change the structure of the Commission. The new format is
International Accounting Standards Board IASB, which has the responsibility for the development of International Financial Reporting Standards.
- Council was formed in 2001 to replace
- Replaced the Commission
- International Accounting Standards.
There are several organizations aimed at development of international standards and to create the climate necessary for the application of these standards and most important of these organizations:
First: the International Federation of Accountants IFAC.
Second: The International Accounting Standards Committee IASC.
Third: The Committee on the Exercise of the international scrutiny of IAPC.
International Federation of Accountants (IFAC)
A global organization of the accounting profession was founded in 1977, its membership includes 155 member organizations in 118 countries, representing more than (2.5) two and a half million accountants.
The Union aims to strengthen the accounting profession in the world and contribute to the development of a strong international economy through the establishment of professional standards and high level to encourage adoption. To achieve its functions. The Union has a close working relationship with bodies and organizations of accounting associates in various countries around the world.
The committees of the Union has developed the following criteria:
- International standards for review and confirmation services.
- International standards for quality control.
- International rules of ethics.
- International qualification standards.
- International Accounting Standards in the public sector.
The union membership in some of the accounting bodies in some Arab countries such as Bahrain, Egypt, Iraq, Lebanon, Morocco, Saudi Arabia and Tunisia.
And implement the Programme of Action of the Union before the following committees:
1 - Education Committee:
And set standards of education and training qualification required to practice the audit (legal accountability) as well as continuing professional education for members of the profession on the Committee's statements be subject to the approval of the Council.
2 - Professional Conduct Committee:
And set standards of professional ethics and enhance their value and accepted by the member organizations with the consent of the Federation Council.
3 - the Committee on Accounting and Financial Management:
Working on the development of financial accounting and management by creating the environment that increase the level of efficiency of management accountants in society in general, and render the necessary data directly on behalf of the Federation Council.
4 - Public Sector Committee:
And develop standards and programs aimed at improving the financial management of the public sector and its accounting
Union membership
n Member of the International Federation of Accountants open to accountancy bodies recognized by law or by virtue of consensus in their home countries as organizations of the importance of a good reputation in the accounting profession. Include membership in the International Federation of Accountants Member of the Committee on International Accounting Standards. The number of accountants in the member organizations of the International Federation of Accountants almost 2.000.000 accountant in professional work and private education and government.
(Commission) International Accounting Standards Board
06/29/1973 Founded in the International Accounting Standards Committee (IASC), following an agreement between the associations and professional institutes in the leading (Australia, Canada, France, Germany, Japan, Mexico, Howlandp, United Kingdom, Ireland, USA) and the objective was to The Committee shall prepare and publish accounting standards and to support the acceptance and adherence to and strengthening the relationship between them and the International Federation of Accountants (IFAC). And considered the Accounting Standards Committee formed after the civil liability and issued statements on behalf of the assets of international accounting.
And has acquired the International Accounting Standards Committee widely recognized its competence and joined by a large number of professional associations in most countries of the world, whether Europe or Asia or elsewhere, which led in 1982 to join all the professional accountancy bodies, which was a member of the International Federation of Accountants ((which was comprising two hundred professional body around the world)) to the International Accounting Standards Committee, where the issuance of 41 accounting standard internationally.
In 2000, the restructuring of the Standards Committee and the Statute of them and was named International Accounting Standards Board (IASB), which was considered, starting from April 2001 is responsible for issuing international accounting standards instead of the Standards Committee as adopted by this Council all accounting standards issued by the Standards Committee International
As the Board in 2002 to re-label ((Commission interpretations)) (SIC) and switch the label to the ((committee interpretations of international standards for the preparation of financial reports)) (IFRIC) aims to explain and clarify the accounting standards existing in addition to providing instructions and guidance permanently on the existing international accounting standards and on the International Financial Reporting Standards.
International Accounting Standards Board IASB
After about 25 years from the beginning in the development of standards, there is a need to change the structure of the Commission. The new format is
International Accounting Standards Board IASB, which has the responsibility for the development of International Financial Reporting Standards.
- Council was formed in 2001 to replace
- Replaced the Commission
- International Accounting Standards.
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