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Al-Husseini, Zainalabideen. "THE IMPACT OF APPLYING INTERNATIONAL STANDARD NINE ON THE QUALITY OF ACCOUNTING INFORMATION." International journal of business and management sciences 04, no. 05 (2024): 170–90. http://dx.doi.org/10.55640/ijbms-04-05-14.
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There is an increasing need to find professional institutions that sponsor the work of companies in the financial and accounting fields due to the changes and developments taking place in the economic environments. Hence, the International Accounting Standards Board - IASB, which includes many other sub-boards like the Financial Accounting Standards Board - FASB, has issued many scientific publications in financial and accounting fields. Furthermore, the International Accounting Standards Board, through its sub-boards, including the Financial Accounting Standards Board, has formulated several International Financial Reporting Standards ( IFRS ) to improve the quality of financial reporting and the transparency of the information it contains in a globally applicable and accepted manner. This information would reflect the current situation of economic institutions in terms of performance and financial position in response to changes in economic environments, and to meet the needs of This framework will be applied consistently across transactions, industries, and capital markets to improve the comparability of financial data between economic institutions operating in the same sector globally and within a comprehensive, unified, and stable framework.
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Dickins, Denise, Marcus M. Doxey, Marshall A. Geiger, Christine Nolder, and Pamela B. Roush. "Comments by the Auditing Standards Committee of the Auditing Section of the American Accounting Association on the International Monitoring Group Consultation, Strengthening the Governance and Oversight of the International Audit-Related Standard-Setting Boards in the Public Interest." Current Issues in Auditing 12, no. 1 (2018): C1—C10. http://dx.doi.org/10.2308/ciia-52089.
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SUMMARY On November 9, 2017, the Monitoring Group (MG) overseeing international auditing standards issued a request for comment on its consultation paper (CP), Strengthening the Governance and Oversight of the International Audit-Related Standard-Setting Boards in the Public Interest. The CP presents a broad array of proposals to reform and restructure the three current auditing standard-setting groups it oversees (International Accounting and Assurance Standards Board [IAASB], International Ethics Standards Board for Accountants [IESBA], and International Accounting Education Standards Board [IAESB]). The CP suggests combining the three boards into a single board, and solicited public comment on the following areas: (1) key areas of overall concern, (2) guiding principles, (3) options for reform of the standard-setting boards, (4) options for the Public Interest Oversight Board (PIOB), (5) role of the monitoring group, (6) administration, including Standard-Setting Board staff, (7) process considerations, and (8) funding. The comment period ended on February 9, 2018. This commentary summarizes the participating committee members' views on selected questions for respondents posed by the MG. Data Availability: The concept release, including questions for respondents, is available at: https://www.iosco.org/library/pubdocs/pdf/IOSCOPD586.pdf
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Teixeira, Alan. "The International Accounting Standards Board and Evidence-Informed Standard-Setting." Accounting in Europe 11, no. 1 (2014): 5–12. http://dx.doi.org/10.1080/17449480.2014.900269.
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Ismailov, Shapakhat Sodikovich. "UNDERSTANDING THE PILLARS OF THE GLOBAL STANDARD OF ACCOUNTING." Journal of Universal Science Research 2, no. 4 (2024): 57–62. https://doi.org/10.5281/zenodo.10934493.
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This article explores the pillars of the global standard of accounting, emphasizing their significance, evolution, and key components. It discusses the importance of a unified standard in facilitating international trade and investment, the historical context of accounting standards convergence, and the role of organizations like the International Accounting Standards Board (IASB) in developing International Financial Reporting Standards (IFRS). Additionally, it highlights challenges and future directions in achieving uniformity across jurisdictions.
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Monda, Mario, and Raffaele Fiume. "Dialogue with standard setters." FINANCIAL REPORTING, no. 1 (February 2018): 177–87. http://dx.doi.org/10.3280/fr2018-001006.
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There had been several international accounting principles about the accounting treatment for business combinations, over the past years. Last June 2016, the International Accounting Standards Board proposed to amend IFRS 3 Business Combinations with the aim of clarifying the definition of a business. The motivation that pushed the Board to propose the Exposure Draft was to inform that there is a diversity in practice in accounting for previously held interests in the assets and liabilities of a joint operation in two kinds of transaction, those in which an entity obtains control of a business that is a joint operation and those in which it obtains joint control of a business that is a join operation. The purpose of the following review is to identify whether the board has reached the desired objective, and leads through the historical analysis of the accounting standards concerning business combinations, the analysis of the Exposure Draft and especially the analysis of the comments letters.
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Moehrle, Stephen, Thomas Stober, Karim Jamal, et al. "Response to the Financial Accounting Standards Board’s and the International Accounting Standard Board’s Joint Discussion Paper Entitled Preliminary Views on Financial Statement Presentation." Accounting Horizons 24, no. 1 (2010): 149–58. http://dx.doi.org/10.2308/acch.2010.24.1.149.
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SYNOPSIS: The Financial Accounting Standards Board (hereafter, FASB) and the International Accounting Standard Board (hereafter, IASB) issued a joint discussion paper titled Preliminary Views on Financial Statement Presentation. The Boards are seeking comments on whether their proposed model for financial statement presentation would improve the usefulness of the financial statement information for financial decision makers. This paper sets forth the American Accounting Association Financial Accounting Standards Committee (hereafter, the committee) summary comments as well as responses to several of the FASB’s and IASB’s (hereafter, jointly mentioned, the Boards) specific objectives and principles-related questions. Overall, the committee believes that the model has several appealing features, but also has several potential problems. Many of the problems discussed related to potential learning impediments for users to adapt to the new presentation format.
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McPeak, David, Karen V. Pincus, and Gary L. Sundem. "The International Accounting Education Standards Board: Influencing Global Accounting Education." Issues in Accounting Education 27, no. 3 (2012): 743–50. http://dx.doi.org/10.2308/iace-50121.
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ABSTRACT The purpose of this paper is to make readers aware of Accounting Education Standards (IESs), which are developed by the International Accounting Education Standards Board (IAESB). These standards are influencing accounting education and training worldwide. Less than a decade old, the IESs are enforced through the member bodies of the International Federation of Accountants (IFAC) and professional accountancy organizations throughout the world. The goal of the IESs is to ensure that economic decision makers can rely on the competence of professional accountants regardless of the country where the accountants received their education and training. Differing cultures, languages, and social, educational, and legal systems pose a challenge for developing a globally applicable set of international accounting education standards. Accounting educators can help the IAESB meet this challenge by responding to IAESB exposure drafts, undertaking research relevant to issues being addressed by the IAESB, becoming directly involved in the standard-setting process, and using IAESB standards, practice statements, information papers, and other information on the education and training of professional accountants in developing, assessing, and evolving accounting education programs.
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Donnelly, Shawn. "The International Accounting Standards Board." New Political Economy 12, no. 1 (2007): 117–25. http://dx.doi.org/10.1080/13563460601068875.
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Kümpel, Thomas, and René Pollmann. "Absicherung von Zinsänderungsrisiken nach IAS 39." Der Betriebswirt: Volume 51, Issue 4 51, no. 4 (2010): 18–23. http://dx.doi.org/10.3790/dbw.51.4.18.
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Die Bilanzierung ökonomischer Sicherungszusammenhänge, das so genannte Hedge Accounting, gehört zu den am meisten kontrovers diskutierten und umstrittenen Vorschriften der International Financial Reporting Standards (IFRS). Betroffen sind insbesondere die vom International Accounting Standard Board (IASB) veröffentlichten Regelungen zum Portfolio Fair Value Hedge Accounting von Zinsänderungsrisiken. Diese können als eine Weiterentwicklung der bisherigen Hedge Accounting Vorschriften angesehen werden, stoßen jedoch insbesondere in der Kreditwirtschaft auf Kritik. Der vorliegende Artikel befasst sich mit dem im International Accounting Standard 39 (IAS 39) verankerten Regelkreislauf des Portfolio Fair Value Hedge Accounting von Zinsänderungsrisiken. Dabei werden insbesondere die einzelnen Teilschritte herausgestellt und anschließend die Abbildung in der Bilanz und Gewinn- und Verlustrechnung dargestellt. The balancing of economic hedging activities, the so-called hedge accounting, is one of the most controversial and contentious discussed regulation of the International Financial Reporting Standards (IFRS). This concerns in particular the regulations according to the Fair Value Hedge Accounting of interest rate risks issued by the International Accounting Standard Board (IASB). Those can be considered as a development of recent hedge accounting regulations, but especially in the banking industry they met with criticism. Keywords: abischerung von zinsänderungsrisiken nach ias 39
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Perry, James, and Andreas Nöelke. "International Accounting Standard Setting: A Network Approach." Business and Politics 7, no. 3 (2005): 1–32. http://dx.doi.org/10.2202/1469-3569.1136.
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The article takes a political economy perspective on the current harmonization of accounting standards. It argues that the process not only signals a major shift in the mode of governance (towards private authority), but also in the substance of what is being governed. In political-economic terms, the most significant change which the International Accounting Standards Board (IASB) brings to accounting is an increased reliance on market values in the form of so-called Fair Value Accounting (FVA). The FVA paradigm represents a financial perspective on business operations. This perspective is matched by the process and structure of the institutions that govern international accounting standard setting, particularly the IASB and the European Financial Reporting Advisory Group which advises the Commission of the European Union on the adoption of IASB standards. A network analysis of the different committees and working groups of these two institutions demonstrates that financial sector actors wield substantially more influence than other categories of business actors within the governance of international accounting standard setting.
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Cullinan, Charles P., Christine E. Earley, and Pamela B. Roush. "Multiple Auditing Standards and Standard Setting: Implications for Practice and Education." Current Issues in Auditing 7, no. 1 (2012): C1—C10. http://dx.doi.org/10.2308/ciia-50344.
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SUMMARY We organized a panel discussion on the roles of the multiple auditing standard setters and the implications of these multiple sets of standards for practice and education. The session took place at the American Accounting Association (AAA) Auditing Section Meeting in Savannah, Georgia in January 2012. In this paper, we discuss the roles of the various auditing standards setters (e.g., Auditing Standards Board [ASB], Public Company Accounting Oversight Board [PCAOB], International Auditing and Assurance Standards Board [IAASB]) and how the standards have diverged over time. We then present panelists' responses to questions raised during the session, which reflect differing perspectives concerning why multiple standards may be necessary, barriers to a more unified structure for auditing standards, and differences in enforcement and quality assessment. The panelists also discussed challenges posed by the existence of multiple standards for CPA firms, students, and instructors, and how these challenges may be addressed by both educators and accounting firms.
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Kirsch, Robert J. "THE EVOLUTION OF THE RELATIONSHIP BETWEEN THE US FINANCIAL ACCOUNTING STANDARDS BOARD AND THE INTERNATIONAL ACCOUNTING STANDARD SETTERS: 1973–2008." Accounting Historians Journal 39, no. 1 (2012): 1–51. http://dx.doi.org/10.2308/0148-4184.39.1.1.
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ABSTRACT Utilizing archival materials as well as personal interviews and correspondence with personnel of the Financial Accounting Standards Board (FASB) and International Accounting Standards Committee/Board (IASC/B), including former Board chairmen and staff members, this paper examines the development of the working relationships between the FASB and the IASC/B from their earliest interactions in 1973 through the transformation of the IASC into the IASB and the Convergence Program rooted in the 2002 Norwalk Agreement up to 2008.
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Richardson, Alan J., and Burkard Eberlein. "Legitimating Transnational Standard-Setting: The Case of the International Accounting Standards Board." Journal of Business Ethics 98, no. 2 (2010): 217–45. http://dx.doi.org/10.1007/s10551-010-0543-9.
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Guillaume, Oris, and Denel Pierre. "The Convergence of U.S. GAAP with IFRS: A Comparative Analysis of Principles-based and Rules-based Accounting Standards." Scholedge International Journal of Business Policy & Governance ISSN 2394-3351 3, no. 5 (2016): 63. http://dx.doi.org/10.19085/journal.sijbpg030501.
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The Financial Accounting Standard Board (FASB) and the International Accounting Standard Board (IASB) have been working jointly toward the convergence of the U.S. generally accepted accounting principles (GAAP) and the international financial reporting standards (IFRS). However, several arguments still exist as to whether or not U.S. companies should adopt or converge with IFRS. This qualitative study identified the differences noted between rules-based and principles-based accounting, and discussed the impact of these accounting standards on financial reporting. Additionally, several resources were analyzed to understand the path to convergence and the future state of IFRS. The examination of information regarding the transition towards one single set of accounting standards led to the development of two alternate conclusions. Although research allows for the belief that convergence with IFRS is imminent, the fact remains that FASB and IASB will need to work diligently in order to resolve the differences between the two sets of accounting standards.
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Krismiaji, Y. Anni Aryani, and Djoko Suhardjanto. "International Financial Reporting Standards, board governance, and accounting quality." Asian Review of Accounting 24, no. 4 (2016): 474–97. http://dx.doi.org/10.1108/ara-06-2014-0064.
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Purpose The purpose of this paper is to discuss empirical research examining the impact of International Financial Reporting Standard (IFRS) adoption and board governance on the accounting quality, in terms of relevance and faithful representation. Design/methodology/approach The research uses a sample of 454 observations of publicly listed companies on the Indonesian Stock Exchange for the fiscal year that ends on December 31, 2008 through 2011. Relevance is measured by predictive value, whereas faithful representation is measured by absolute discretionary accrual as an inverse measure. Board governance is measured by the board of commissioner score whereas IFRS adoption is measured by the percentage of IFRS adopted. The data used in this study are obtained both from Indonesian Capital Market Directory, Indonesian Stock Exchange database, and from company annual reports. Findings This research found evidence of a positive association of IFRS adoption on the relevance of accounting information quality. With respect to faithful representation, this study proves a positive association after IFRS adoption. This research also found that board governance has a positive impact on accounting information quality after IFRS adoption both in relevance and faithful representation. This result is in line with investor’s expectations that fair value IFRS adoption enhances the relevance of accounting information. Originality/value This study provides further evidence on the effect of IFRS adoption and board of governance on accounting information quality using data from Indonesia. Moreover, this study measures and tests both dimensions of earnings quality which are relevance and faithful representation and portrays a complete story about the quality of earnings. This study uses the qualitative characteristics of accounting information as proxies for accounting quality, so that it enriches the accounting literature about the role of accounting standards in financial reporting quality.
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Koppeschaar, Z. "International Financial Reporting standard for Small and Medium-sized entities." Southern African Journal of Entrepreneurship and Small Business Management 5, no. 1 (2012): 54. http://dx.doi.org/10.4102/sajesbm.v5i1.27.
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<p>The International Financial Reporting Standard for Small and Medium-sized entities (IFRS for SMEs) was published as a standard by the International Accounting Standards Board (IASB) during July 2009. During 2007 South Africa became one of the first countries and the first country in Africa to early accept the proposed accounting standard (exposure draft of an IFRS for SMEs). The accounting standard will probably also be accepted by numerous other countries. The aim of this article is to investigate the applicability of this accounting standard. The results indicated that the IFRS for SMEs remains too comprehensive for the majority of small companies. The IFRS for SMEs does not satisfy the needs of South African users of small company financial statements, and as a result the accounting requirements should be simplified.</p><p><strong>KEYWORDS:</strong> Financial accounting; Financial reporting requirements; IFRS for SMEs; Small companies; Users of financial statements; Small company financial statements.</p>
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Zayernyuk, Viktor M., Zinaida M. Nazarova, Elena I. Sedova, Evgeny V. Oskirko, and Ivan S. Nurekenov. "CONVERGENCE OF NATIONAL ACCOUNTING STANDARDS WITH INTERNATIONAL FINANCIAL REPORTING STANDARDS: CHINA’S EXPERIENCE." EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA 12/16, no. 153 (2024): 136–43. https://doi.org/10.36871/ek.up.p.r.2024.12.16.016.
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Since its inception in 1973, the former International Accounting Standards Committee (IASC) has worked to harmonize global accounting standards by developing standards that could serve as a model on which national standard-setters could base their own standards. In 2001, the IASC was replaced by the International Accounting Standards Board (IASB). Its mission was to converge global accounting standards – to develop a single set of high-quality, understandable and enforceable global accounting standards that require high-quality, transparent and comparable information in financial statements and other financial statements to help global capital market participants and other users make economic decisions. This article discusses the stages of convergence of China’s national accounting standards with International Financial Reporting Standards.
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Pearson, Timothy A., Scott I. Jerris, and Richard Brooks. "Accounting For OPEBs: Does Better Accounting Serve The Public Interest?" Journal of Applied Business Research (JABR) 11, no. 3 (2011): 1. http://dx.doi.org/10.19030/jabr.v11i3.5854.
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In 1992, the Financial Accounting Standards Board (FASB) issues Employers Accounting for Postretirement Benefits Other Than Pensions (SFAS 106). SFAS 106 requires public companies to account for postretirement benefits other than pensions (e.g., health care) on an accrual basis. While SFAS 106 is good accounting, it provides corporations with an excellent excuse to amend or terminate health care coverage for retirees. This paper discusses the economic and social consequences of SFAS 106 as well as the politics of the accounting standard setting process.
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BALTABEKOV, Mark. "FINANCIAL ACCOUNTING METHODOLOGY AND DEFINITION OF ASSET: AUSTRALIAN AND INTERNATIONAL PERSPECTIVES." Economy of Ukraine 2018, no. 1 (2018): 82–91. http://dx.doi.org/10.15407/economyukr.2018.01.082.
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This article analyses the role of the asset in economic performance of a business and why it is important to work out a precise definition of the asset for managerial and financial analysis purposes. A short overview of Australian accounting system including both institutional and regulatory aspects has been made by the author as well as the normative nature of related regulations is examined. The research provides insights what conditions required for the asset to be in existence and analyses these insights in the light of both scholars’ opinions and accounting regulations as well. Furthermore, the research looks at the conceptual framework drafts to see how the conditions mentioned above are developed in related papers and shows the process of evolution of definition of the asset under the standard-setting activity of Australian Accounting Standards Board and International Accounting Standards Board and how this activity makes effect on contemporary views in regard to definition of the asset. This article also involves discovering what problems in theory of accounting and practice can arise if existing definition will not be corrected and strongly criticizes the concept of identity between asset and economic benefits which is promoted by some accounting researches in their works. The author suggests in his article that asset and economic benefits are totally different economic phenomena and provides a clear idea what conceptual economic views are taken into consideration by Australian and international experts to elaborate a precise definition of the asset. This research also examines the main characteristics of the proposed definition promoted by international accounting experts and some possible impacts of implementation of this definition on accounting practice are considered. The role of International Accounting Standards Board and its influence on Australian standard-setting bodies’ activity are also researched in the article.
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Schipper, Katherine, and Teri Lombardi Yohn. "Standard-Setting Issues and Academic Research Related to the Accounting for Financial Asset Transfers." Accounting Horizons 21, no. 1 (2007): 59–80. http://dx.doi.org/10.2308/acch.2007.21.1.59.
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A large number and cross-section of firms undertake financial asset transfers. The Financial Accounting Standards Board and the International Accounting Standards Board have been grappling with the appropriate accounting for financial asset transfers, especially with respect to derecognition—that is, when the assets should be removed from the transferor's balance sheet. This paper discusses the financial reporting issues surrounding financial asset transfers and summarizes the related academic research. It also discusses potentially useful future research that could provide insights for standard-setters and suggests some impediments to that research.
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الجهني, Raya Mehda, and Mohammed Abdelshakour شحاتة. "The extent of compatibility of accounting education in Saudi universities with the second standard of the international education standards (IES 2)." مجلة العلوم الإقتصادية و الإدارية و القانونية 6, no. 27 (2022): 182–211. http://dx.doi.org/10.26389/ajsrp.n030922.
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This study aims to find out the compatibility of accounting education in Saudi universities with the second standard of international education standards (IES2) issued by the International Accounting Education Standards Board (IAESB). This standard focuses on the technical competencies of a professional accountant at the initial development level. The study population consists of 26 Saudi public universities that offer a Bachelor’s program in accounting. The research is based on a descriptive approach by analyzing the content of learning outcomes in syllabus and course descriptions of courses for the accounting departments in Saudi universities. The learning outcomes of these departments are compared with those required in the IES2, and the level of proficiency required is measured using a table describing the mastery levels for the learning outcomes and the technical competence for the IES2 in order to test the study hypotheses. The results show that accounting education in Saudi universities complies with the IES2 in the courses of accounting and financial reports, management accounting, auditing and assurance, the law of regulations and business, and economics. Moreover, it aligns to some extent with the IES2 in tax courses, information technology, finance and financial management, business management and strategy, governance and risk management, and internal control. However, accounting education in Saudi universities does not comply with the IES2 in the courses of business and regulatory environment.
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Mulugetta, Abraham. "Comparison Of International Accounting Standards, Demand For Multinational Accounting And Implication for International Accounting Harmonization." Journal of Applied Business Research (JABR) 6, no. 3 (2011): 26. http://dx.doi.org/10.19030/jabr.v6i3.6287.
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This study discusses practical approach to international accounting conceptualization, reviews literature on international accounting harmonization, and highlights possible reasons for the weak adherence to international accounting standards. It compares specific requirements of the Security Exchange Commission, Financial Accounting Standards Board, International Accounting Standards Committee, Organization for Economic Cooperation & Development, European Economic Community, and the United Nations, on the disclosure of international operations of multinational enterprises in order to determine the degree to which these requirements are similar and by inference, the probably contribution to harmonization.
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Shields, Karin, Iain Clacher, and Qi Zhang. "Negative Tone in Lobbying the International Accounting Standards Board." International Journal of Accounting 54, no. 03 (2019): 1950010. http://dx.doi.org/10.1142/s1094406019500100.
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With the aid of computerized sentiment analysis, this paper analyzes the role of constituents’ comment letters in the process of setting international financial reporting standards for financial instruments. Whilst explicit agreement in comment letters is associated with the board’s decision to proceed with its proposed course of action, we find no consistent evidence that explicitly stated disagreement has an impact on the resulting accounting standard. Using context-specific dictionaries, we find that increased levels of negative tone in comment letters increase the probability of the board subsequently abandoning a proposed course of action. Capturing dissent through negative tone facilitates large-scale analysis, and we show that the financial industry has been less successful than other constituents in its lobbying efforts through comment letters.
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Shkurti, Rezarta, and Brunilda Duraj. "THE ACCOUNTING STANDARDS AND FINANCIAL REPORTING IN ALBANIA." CBU International Conference Proceedings 4 (September 20, 2016): 092–97. http://dx.doi.org/10.12955/cbup.v4.748.
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Albania implemented its first set of 14 National Accounting Standards (NAS), which were prepared in compliance with the International Financial Reporting Standards, in 2009. The 15th standard, specifically the Accounting Standard for financial reporting by micro-entities, was added to this set in 2011 and a 16th standard, relating to the reporting for non-profit enterprises, was added in 2015. In 2014, the National Accounting Council of Albania (NACA) performed a major revision of this existing framework of NAS. The focus of this paper is to analyze the current status, as well as the development of accounting and financial reporting in Albania for the Small and Medium Enterprises (SMEs). An international standard of financial reporting for SMEs was issued by the International Accounting Standards Board but was not fully endorsed by the European Community, nor by the NACA, who instead chose to revise their current NAS. In this study, we provide a general overview of the accounting regime and platforms currently applied in Albania, by focusing on the changes over the recent years. We also depict the main differences between the IFRS for SMEs and the NAS in Albania in treatment of several elements of the financial statements.
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Mechelli, Alessandro, Vincenzo Sforza, and Riccardo Cimini. "Is IFRS 9 better than IAS 39 for investors' decisions? Evidence from the European context at the beginning of the transition year." FINANCIAL REPORTING, no. 1 (June 2020): 125–48. http://dx.doi.org/10.3280/fr2020-001004.
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The first-time adoption of International Financial Reporting Standard (IFRS) 9 at the beginning of fiscal year 2018 has offered the opportunity to test whether the information provided by this new accounting standard on financial instruments is more useful for investors than International Accounting Standard (IAS) 39. This paper assesses and compares the value relevance of book value calculated ac-cording to the requirements of the two accounting standards on financial instru-ments at the beginning of the transition year for a sample of 110 financial entities listed in 20 stock markets that have recorded transition effects between retained earnings. Findings provide evidence that both IAS 39 and IFRS 9 are value rele-vant and that the second one adds more information than that previously supplied by the first one. The paper contributes to the literature by providing the first evi-dence of the usefulness of the new accounting standard on financial instruments. About its practical implications, the paper provides insights regarding the high quality of the International Accounting Standard Board (IASB)'s standard setting process.
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Rees, Lynn L., and Philip B. Shane. "Academic Research and Standard-Setting: The Case of Other Comprehensive Income." Accounting Horizons 26, no. 4 (2012): 789–815. http://dx.doi.org/10.2308/acch-50237.
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SYNOPSIS: This paper links academic accounting research on comprehensive income reporting with the accounting standard-setting efforts of the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB). We begin by discussing the development of reporting other comprehensive income, and we identify a significant weakness in the FASB's Conceptual Framework, in the lack of a cohesive definition of any subcategory of comprehensive income, including earnings. We identify several attributes that could help allocate comprehensive income between net income, other comprehensive income, and other subcategories. We then review academic research related to remaining standard-setting issues, and identify gaps in academic research where hypotheses could be developed and tested. Our objectives are to (1) stimulate standard-setters to better conceptualize what is meant by other comprehensive income and to distinguish it from earnings, and (2) stimulate researchers to develop and test hypotheses that might help in that process.
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V N, Sruthiya. "International Financial Reporting Standards Implementation in India: Benefits and Problems." IRA-International Journal of Management & Social Sciences (ISSN 2455-2267) 6, no. 2 (2017): 292. http://dx.doi.org/10.21013/jmss.v6.n2.p13.
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<p><em>International Financial Reporting Standard (IFRS) introduced by the International Accounting Standards Board (IASB is international financial reporting standard. IFRS is a single set of high quality, understandable and enforceable global accounting standards. It is a "principles based" set of standards which are drafted lucidly and are easy to understand and apply. IFRSs were adopted first time in 2005 by EU (European Union) and are now accepted or required in more than 120 countries. In India, this is in an implementation stage. This paper tries to study the implementation problems in India and make suggestions to solve the problems. The important implementation problems are cost, lack of awareness about IFRS among investors, and no uniformity in accounting guidance issued by various regulators (SEBI, IRDA, RBI) in India. The suggestions are to provide proper training and education to accounting professionals and employees about IFRS; Government has to reform the taxation system to match with IFRS. </em></p>
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Simnett, Roger, Michael Nugent, and Anna L. Huggins. "Developing an International Assurance Standard on Greenhouse Gas Statements." Accounting Horizons 23, no. 4 (2009): 347–63. http://dx.doi.org/10.2308/acch.2009.23.4.347.
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SYNOPSIS: Worldwide public concern over climate change and the need to limit greenhouse gas (hereafter, GHG) emissions has increasingly motivated public officials to consider more stringent environmental regulation and standards. The authors argue that the development of a new international assurance standard on GHG disclosures is an appropriate response by the auditing and assurance profession to meet these challenges. At its December 2007 meeting, the International Auditing and Assurance Standards Board (hereafter, IAASB) approved a project to consider the development of such a standard aimed at promoting trust and confidence in disclosures of GHG emissions, including disclosures required under emissions trading schemes. The authors assess the types of disclosures that can be assured, and outline the issues involved in developing an international assurance standard on GHG emissions disclosures. The discussion synthesizes the insights gained from four international roundtables on the proposed IAASB assurance standard held in Asia-Pacific, North America, and Europe during 2008, and an IAASB meeting addressing this topic in December 2008.
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D’Este, Carlotta, Ilaria Galavotti, and Marina Carabelli. "Goodwill reporting in corporate acquisitions: The effects of managerial discretion under the new accounting rules." Corporate Ownership and Control 20, no. 4 (2023): 72–83. http://dx.doi.org/10.22495/cocv20i4art5.
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Goodwill is a critical issue in the accounting of corporate restructuring activities in terms of both purchase price allocation in corporate acquisitions and the subsequent write-downs. Although the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) new accounting standards provide a reference point for goodwill recognition, the complexity of fair value adjustments and the extensive subjectivity involved in assessing goodwill still make its allocation and the impairment-only approach limitedly transparent. Therefore, this study explores the impact of IFRS 3 (International Financial Reporting Standard 3) on management discretion in goodwill reporting. From a methodological standpoint, the hypotheses are tested on a sample of 68 acquisitions executed by Italian-listed acquirers in the 2012–2020 period. Our results confirm the potential for managerial opportunistic behavior in light of the signaling role of goodwill for investors.
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Godfrey, Jayne M., and Ian A. Langfield-Smith. "Regulatory Capture in the Globalisation of Accounting Standards." Environment and Planning A: Economy and Space 37, no. 11 (2005): 1975–93. http://dx.doi.org/10.1068/a3790.
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The Australian Financial Reporting Council recently shocked the world business community by unexpectedly announcing a change in the nation's approach to global-accounting-standards development. The change involved switching from ensuring consistency of Australian accounting standards with International Financial Reporting Standards (IFRSs) developed by the International Accounting Standards Board to outright adoption of IFRSs by 2005. At the time of the announcement, Australia had the most developed international harmonisation programme of any country with a well-developed financial reporting system. Events surrounding the change demonstrate how political the accounting standard-setting process can be as it continues to receive front-page media attention, and as it provides a platform in parliamentary and electoral debate. In the meantime, the US role in the global accounting standard-setting arena has moved through phases of indifference to potential active dominance, and European influences have waxed and waned. We examine whether swings in political and regulatory influences that occur when globalisation becomes a national and international goal are explained by regulatory capture theory. We also address the extent to which a subset of a single nation's regulatory system plays a key role in a series of larger national and international games. Drawing upon experiences in Australia, the United States, and the European Union, we identify political influences on initiatives to reform accounting-standard-setting environments, policies, and processes.
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Bauman, Mark P., and Richard N. Francis. "Issues in Lessor Accounting: The Forgotten Half of Lease Accounting." Accounting Horizons 25, no. 2 (2011): 247–66. http://dx.doi.org/10.2308/acch-10021.
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SYNOPSIS In July 2006, the International Accounting Standards Board and the Financial Accounting Standards Board (the “Boards”) added a leasing project to their agenda. In August 2010, the Boards jointly released an exposure draft proposing a “right-of-use” model for the recognition of lease-related assets and liabilities. In their deliberations, the Boards noted numerous studies focusing on lessee accounting, but very little research examining lessor-related topics. To address this gap in the literature, this paper identifies key reporting and disclosure issues associated with lessors, and suggests improvements that could be incorporated into lease accounting guidance. This study is based on an analysis of the financial statement disclosures of 57 of the 100 largest equipment lessors in the U.S. market. Disclosure quality, residual values, and the balance sheet impact of the proposal are examined, and numerous suggestions are offered to enhance the usefulness of lessor financial statement disclosures for decision makers.
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Howieson, Bryan. "The Phoenix Rises: The Australian Accounting Standards Board and IFRS Adoption." Journal of International Accounting Research 16, no. 2 (2017): 127–54. http://dx.doi.org/10.2308/jiar-51825.
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ABSTRACT The Australian experience of International Financial Reporting Standards (IFRS) is used to explore the impact of IFRS adoption on the sphere of authority (SOA) of a national accounting standard-setter (NASS). Data for the study were gathered from interviews with AASB technical staff and retired IASB members. The study demonstrates how changes in the social order between the IASB and NASSs impact domestic and international standards and how power is exercised and shared in the IASB/NASSs relationship. I find that a standard-setter's technical agenda is influenced by its strategic agenda. I show the significant influence of the standard-setting entity's chairperson on the development and implementation of the strategic agenda. In addition, individual technical staff members help drive this agenda. Knowledge of the behavior of standard-setting organizations can be considerably deepened by studying the characteristics and motivations of the individuals within those organizations. The findings are useful to NASSs by, for example, demonstrating the importance of employing individuals with both strong technical and political skills. If NASSs wish to have influence at the global level, then they must be proactive in driving change through networks and alliances with other NASSs.
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Oppong, Clement, and Ali Bruce-Amartey. "International Financial Reporting Standards, Board Governance and Accounting Quality: Preliminary Ghanaian Evidence." Journal of Accounting, Business and Finance Research 15, no. 2 (2022): 27–40. http://dx.doi.org/10.55217/102.v15i2.528.
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IFRS adoption’s effect and board governance on accounting quality from Ghanaian perspective was examined using OLS technique between a seven-year periods (2013-2019). From the study, IFRS adoption negatively impacts accounting quality in an insignificant manner. The insignificant nexus was due to lax implementation of regulations by institutions with IFRS and incentive-performance tied schemes presented to managers. Additionally, all but profitability and institutional ownership have positively significant impact on accounting quality whilst board governance negatively affect accounting quality though not statistically significant. Finally, moderating the role of board governance on IFRS - accounting quality relation, evidence established from the regression is that board governance does not moderate relationship between IFRS adoption and accounting quality using discretionary accruals. Our study captured effective corporate governance practices using composite board governance index to moderate effect of IFRS on the nexus between board governance and accounting quality serving as central motivation to contribute to literature.
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Shahwan, Yousef. "Review of accounting for goodwill: Historical to current perspectives." Corporate Ownership and Control 8, no. 3 (2011): 233–41. http://dx.doi.org/10.22495/cocv8i3c1p6.
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Accounting for goodwill is one of the most controversial issues in financial reporting. It has been on the agenda of the International Accounting Standards Board (IASB) as well as the Accounting Standards Board of Australia, the UK, and the US. IASB has also identified accounting for intangible assets (including goodwill) as a high priority. The objective of the present paper is to review the developments of accounting standards for goodwill made by the USA, UK, Canada, Australia, and the IASB. Reference to accounting and financial regulations is made to explore the effect of standard developments in promoting uniformity of practice in accounting for goodwill. Content analysis approach is adopted in this study. It concludes that the current regulations to account for goodwill provide little and further developments are still ahead.
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Kostolansky, John, Dora Altschuler, and Brian B. Stanko. "Financial Reporting Impact Of The Operating Lease Classification." Journal of Applied Business Research (JABR) 28, no. 6 (2012): 1509. http://dx.doi.org/10.19030/jabr.v28i6.7405.
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The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) are preparing to make changes to accounting standards for leasing that will have a significant impact on the financial statements of a large number of companies. The proposed standard will eliminate the operating lease classification, and if passed, companies using this classification will be required to report additional assets and liabilities on the balance sheet. This study estimates the impact of this change in accounting standards on the financial statements and several key financial ratios for an extensive sample of companies and industries from the Compustat North America database. It is important that users of financial statements understand and are prepared for these changes prior to implementation, particularly for industries in which operating leases are heavily utilized.
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Dobie, Alisdair. "Aiming for global accounting standards: the international accounting standards board, 2001–2011." Accounting and Business Research 46, no. 7 (2016): 784–85. http://dx.doi.org/10.1080/00014788.2016.1157920.
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Walton, Peter. "Aiming for Global Accounting Standards – The International Accounting Standards Board 2001–2011." Accounting in Europe 13, no. 1 (2016): 121–23. http://dx.doi.org/10.1080/17449480.2016.1143958.
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Ter Hoeven, Ralph. "De Odyssee van Hans Hoogervorst en de zijnen; hoe de politieke kliffen te omzeilen." Maandblad Voor Accountancy en Bedrijfseconomie 87, no. 11 (2013): 446–47. http://dx.doi.org/10.5117/mab.87.12879.
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De International Accounting Standards Board (IASB) heeft onlangs zijn koperen jubileum gevierd. Op 1 september 2001 nam de IASB de verantwoordelijkheden over van zijn voorganger het International Accounting Standards Committee (IASC) waarna dit laatste orgaan ophield te bestaan. Met deze reorganisatie werd onder meer beoogd de internationale ‘standard setter’ onafhankelijker te maken van politieke invloeden. Politieke bemoeienis moest vooral gekanaliseerd worden door een ingenieuze governancestructuur bestaande uit een veelheid van toezichthoudende en adviserende commissies. Toch is het juist toe te schrijven aan de politiek dat de IASB in de eerste helft van zijn bestaan flink vaart kon maken, maar vervolgens door dezelfde politiek danig werd afgeremd in zijn harmonisatiestreven. Laat ik dit en uiteraard ook de titel van deze column nader verklaren.
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Ter, Hoeven Ralph. "De Odyssee van Hans Hoogervorst en de zijnen; hoe de politieke kliffen te omzeilen." Maandblad Voor Accountancy en Bedrijfseconomie 87, no. (11) (2013): 446–47. https://doi.org/10.5117/mab.87.12879.
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De International Accounting Standards Board (IASB) heeft onlangs zijn koperen jubileum gevierd. Op 1 september 2001 nam de IASB de verantwoordelijkheden over van zijn voorganger het International Accounting Standards Committee (IASC) waarna dit laatste orgaan ophield te bestaan. Met deze reorganisatie werd onder meer beoogd de internationale 'standard setter' onafhankelijker te maken van politieke invloeden. Politieke bemoeienis moest vooral gekanaliseerd worden door een ingenieuze governancestructuur bestaande uit een veelheid van toezichthoudende en adviserende commissies. Toch is het juist toe te schrijven aan de politiek dat de IASB in de eerste helft van zijn bestaan flink vaart kon maken, maar vervolgens door dezelfde politiek danig werd afgeremd in zijn harmonisatiestreven. Laat ik dit en uiteraard ook de titel van deze column nader verklaren.
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MUHAMAD SORI, ZULKARNAIN, SHAMSHER MOHAMAD, AIMI ADIBAH YASMIN AHMAD, and MOHAMMAD NOOR HISHAM OSMAN. "The Accounting Treatment of Cryptocurrencies: The Perspective of Current Accounting Standards." International Journal of Economics and Management 18, no. 2 (2024): 176–96. http://dx.doi.org/10.47836/18.2.03.
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Cryptocurrencies are digital currencies void of any support from regulatory body that is currently in vogue as a medium of exchange and an investment security. This paper examines the accounting treatment for cryptocurrency from the perspective of IFRS and AAOIFI accounting standards and propose actions to standard setters on the best way to treat the Crypto transactions in accounting reports. A proper accounting treatment will allow for a fair reporting of crypto related transactions and facilitate users of financial statements to make objective assessment of this new invention. A content analysis was conducted to review all major accounting standards issued by accounting standards setting bodies for possible accounting treatment for cryptocurrencies. To better understand the issue in practice, an analysis of accounting treatment of cryptocurrencies by 2 companies also was conducted. This study found that there is no suitable accounting standard that could objectively be applied for cryptocurrencies. For example, from the perspective of the current accounting standards, cryptocurrencies match the definition of inventory if it is used as a commodity for broker-trader and intangible asset for others respectively. It is suggested that there an urgent need for the International Accounting Standards Board (IASB) to comprehensively develop accounting standard for cryptocurrency, specifically to develop a specific category for this type of assets to allow a standard treatment for cryptocurrency and fill the gap in the IFRS.
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IBHAWAEGBELE, P.A. "THE INTERVENING ROLE OF INTERNATIONAL FINANCIAL REPORTING STANDARDS ON CORPORATE GOVERNANCE AND INCOME SMOOTHING IN NIGERIA." International Journal of Recent Research in Commerce Economics and Management (IJRRCEM) 11, no. 1 (2024): 20–28. https://doi.org/10.5281/zenodo.10469262.
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<strong>Abstract:</strong> Income smoothing as an accounting practices is an earnings management strategy that has continued to attract the attention of Company Board of Directors, the accounting profession and accounting research in recent times. Income smoothing entails the use of financial reporting principles and standards in smoothening fluctuations in earnings. It a theoretical investigate of intervening role of International Financial Reporting Standard on corporate governance and income smoothing. This study conceptually examine specifically the relationship between board size in relation to income smoothing over the intervening role of International Financial Reporting Standard (IFRS). It is a library type of research by way of conceptual review of extant studies. It employed secondary source of information and were obtained from textbooks, journal articles, seminar papers and the internet. Following the outcomes of various studies reviewed, the study found that much divergence and inconsistent in result such that corporate governance either positive or negative relationship with income smoothing. <strong>Keywords</strong><strong>:</strong> Corporate governance, Income smoothing, Board size. <strong>Title:</strong> THE INTERVENING ROLE OF INTERNATIONAL FINANCIAL REPORTING STANDARDS ON CORPORATE GOVERNANCE AND INCOME SMOOTHING IN NIGERIA <strong>Author:</strong> IBHAWAEGBELE, P.A. <strong>International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)</strong> <strong>ISSN 2349-7807</strong> <strong>Vol. 11, Issue 1, January 2024 - March 2024</strong> <strong>Page No: 20-28</strong> <strong>Paper Publications </strong> <strong>Website: www.paperpublications.org</strong> <strong>Published Date: 08-January-2024</strong> <strong>DOI: https://doi.org/10.5281/zenodo.10469262</strong> <strong>Paper Download Link (Source)</strong> <strong>https://www.paperpublications.org/upload/book/THE%20INTERVENING%20ROLE%20OF%20INTERNATIONAL-08012024-3.pdf</strong>
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Beke-Trivunac, Jozefina, and Gordana Vukelić. "IPSAS 45 PROPERTY, PLANT AND EQUIPMENT." Revizor 26, no. 102-103 (2023): 149–53. http://dx.doi.org/10.56362/rev23102149b.
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The Board for International Accounting Standards in the Public Sector issued the standard IPSAS 45 Property, plant and equipment, in May 2023. The novelties in this standard, compared to IPSAS 17 Property, plant and equipment, which it replaces, refer to additions of heritage assets, infrastructure assets and changes in the measurement of assets.
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Carvalho, Cláudia Daniela Ferreira da Mota, Fábio Henrique Ferreira de Albuquerque, Joaquín Texeira Quirós, and Maria do Rosário Fernandes Justino. "An Analysis of Differences in Terms of Professional Interests Based on the Project to Replace IAS 39." Revista Contabilidade & Finanças 26, no. 68 (2015): 181–94. http://dx.doi.org/10.1590/1808-057x201500530.
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<p>The professional interests of the various stakeholders groups are often seen as obstacles to full accounting harmonization. Studying different professional interests in the accounting domain is significant for organizations involved in the international accounting harmonization process, insofar as it enables them to identify the main obstacles to face in order to achieve full harmonization. Thus, this article is aimed at analyzing the differences in terms of professional interests by addressing the participation of various stakeholders groups in the process of issuing/modifying standards of the International Accounting Standards Board (IASB). Based on content analysis, we examined the comment letters sent to the IASB in the context of the first part of the first phase of the project to replace the International Accounting Standard (IAS) 39, entitled "Financial Instruments - Recognition and Measurement", by the International Financial Reporting Standard (IFRS) 9, on its turn entitled "Financial Instruments". Respondents were identified according to the stakeholders group, and, later, the collected data underwent a nonparametric chi-square test. The results of this study indicate there are significant differences between the answers obtained from the various stakeholders groups involved in the process of issuing or reviewing a standard of the IASB, above all made clear between the group of financial preparers and the regulatory and/or standard-setting agencies and the professional associations related to accounting.</p>
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Kanu, David Hope. "Digital Currencies Financial Reporting and Auditing: A New Concern for Accounting Professionals in the Accounting Industry." International Journal of Economics, Business and Management Research 09, no. 01 (2025): 311–51. https://doi.org/10.51505/ijebmr.2025.9123.
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Accounting is a traditional profession of trust, and the financial reporting standards, auditing standards, rules, and regulations guiding accounting professionals' functions in the financial market have been established and have existed for years. Hence, the popularity and increases in businesses holding digital currencies (assets) in their financial statements create concerns for accounting professionals in the accounting industry worldwide. This qualitative study explores digital currencies financial reporting and auditing concerns for accounting professionals in the accounting industry. The study provides insights into the interplay between the accounting profession, standard-setting bodies, digital currencies, and blockchain, offering concerns for financial reporting and audit professionals in the accounting industry. Based on the results of the conducted study, accounting professionals currently face the following concerns and challenges when reporting and auditing organizations holding cryptocurrencies, stablecoins, nonfungible tokens (NFTs), and central bank digital currencies (CBDC in their financial statements, namely the absence of comprehensive and universal financial reporting standards, nonauthoritative auditing standards, the nonexistence of digital currency regulations, heightened digital currencies related crimes, high litigation risks, blockchain technology financial reporting, and auditing. Digital currencies present novelty challenges to accounting professionals that require modifying existing accounting and auditing standards or issuing new ones. Therefore, the study concludes that it is imperative for the International Accounting Standards Board (IASB), Financial Accounting Standards Board (FASB), International Auditing and Assurance Standards Board (IAASB), the American Institute of Certified Public Accountants (AICPA), Security Exchange Commission (SEC) and other global regulators to urgently develop and release comprehensive and uniform global accounting standards, auditing standards and digital currencies regulations to avoid discretionary judgment currently relied upon by accounting professionals in the accounting industry for digital currencies financial reporting and auditing.
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Ehoff Jr., Clemense, and Dov Fischer. "Should The SEC Adopt International Financial Reporting Standards?" Review of Business Information Systems (RBIS) 16, no. 1 (2011): 15–20. http://dx.doi.org/10.19030/rbis.v16i1.6760.
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In 2002, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) formally began a process to converge Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS). By the end of 2011, the SEC will likely decide on whether to adopt International Financial Reporting Standards as the financial reporting system for U.S. public companies, continue with the convergence project, or reject IFRS altogether. This paper examines the benefits and drawbacks of each option and formulates a recommendation as to which option is in the best interest of U.S. investors.
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Azhar, Zubir. "Does Applying IFRS 15 Affect the Quality of Earnings of Cambodian-Listed Companies?" Journal of Accounting, Finance, Economics, and Social Sciences 7, no. 2 (2022): 13–28. http://dx.doi.org/10.62458/jafess.160224.7(2)13-28.
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ABSTRACT In May 2014, the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) issued a joint standard, which is international financial reporting standard no.15 (IFRS 15), entitled “Revenue from contracts with customers.” This research aims to identify the new standard, illustrate the new recognition model, and determine the impact of measuring revenues following IFRS 15 on the quality of earnings. A quantitative research approach is used, and the absolute value of discretionary accruals and earnings aggressiveness are utilized as proxies for the quality of earnings. The research sample includes three Cambodian-listed companies with 24 firm-year observations over eight years from 2014 to 2021. The study reveals a statistically significant negative effect of the application of IFRS 15 on the quality of earnings of Cambodian-listed companies. The research represents an extension of the previous studies concerned with studying and analyzing the impact of IFRS 15 on the quality of financial statements. It also adds to these studies as there is a lack of quantitative evidence of this new standard’s economic effects after its application date. This study aids professional bodies in determining the impact of adopting international accounting standards on the quality of financial reports of companies in such emerging economies as Cambodia. Keywords: IFRS 15; Quality of earnings; Absolute value of discretionary accruals; Earnings aggressiveness; Cambodia
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Neelam Yadav and Shurveer S. Bhanawat. "Unveiled the Impact of IFRS on Indian Corporate Sector." Think India 22, no. 2 (2019): 19–25. http://dx.doi.org/10.26643/think-india.v22i2.7752.
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IFRSs are International Financial Reporting Standards, which are issued by the International Accounting Standard Board (IASB)1. IFRS is the globally accepted accounting standards. Indian accounting standard is converged with IFRS and called (IND AS). The objective of this paper is to examine the challenges and benefits of adoption of full-fledged IFRS in India. For the study, the survey method has been conducted. For data analysis, descriptive statistics and chi-square test have been used. Descriptive statistics results found the most effective, serious benefits and challenges on the basis of higher rank of mean score. Results of chi-square test revealed that there is no significant difference among different benefits and challenges available after the adoption of full-fledged IFRS, every benefit and challenge have equal importance for the Indian corporate sector.
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Riepe, Jan. "Basel and the IASB: Accountability Interdependencies and Consequences for Prudential Regulation." Journal of International Economic Law 22, no. 2 (2019): 261–83. http://dx.doi.org/10.1093/jiel/jgz012.
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ABSTRACT Accountability is a key concern for international standard setters. If transnational actors set standards instead of national democratic authorities, then the standard setters might suffer from ‘apparent’ deficits in their democratic accountability and oversight. Consequently, most international standard setters rely on different processes to enhance their accountability and transparency to mitigate concerns about their own standards. Ensuring accountability is already a major challenge for a single or homogenous set of rules or standards. So how can a supranational body design legitimate rules that rest on the standards of another very different supranational standard setter? This study examines the accountability and transparency concerns from the interaction of supranational standard setters that have different objectives. Therefore, I investigate the processes of prudential regulation based on the capital adequacy standard of the Basel Committee on Banking Supervision that relies on the financial accounting standards set by the International Accounting Standards Board. The results show flaws with respect to accountability in the regulatory process that involves another standard setter and how the prudential regulator reacts to these flaws to ensure a higher degree of accountability in its banking regulation.
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RIMOUCHE, Kaoutar, and Mohammed HIMRANE. "Achieving the quality of accounting learning outcomes: an Algerian perspective." Journal of Finance & Corporate Governance 5, no. 1 (2021): 12–24. http://dx.doi.org/10.54960/jfcg.v5i1.63.
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This paper aims to demonstrate the efforts made by the International Accounting Education Standards Board (IAESB) in achieving the quality of the accounting learning outcomes and to explore the reality of accounting education in Algerian. We based on the comparative method in order to compare between the content of universities' accounting programs and the International Accounting Education Standard (2). Considering that the accounting educational system in universities should emphasize serving students and ensure that they will be able to practice the accounting profession in the future, and that accounting education should seek to adapt to the trend of professional accounting development. We have concluded that there is almost a perfect match between what Algerian universities apply and what the International Federation of accountant’s committee approved, but the problem lies in achieving the learning outcomes with the required quality as stated in the IES
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Jones, Stewart. "International Accounting Standards Board/ Abacus Research Forum 2018." Abacus 55, no. 1 (2019): 1–5. http://dx.doi.org/10.1111/abac.12154.
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