The objectives of the international accounting standards board (IASB)

The objectives of the IASB are:

  • to develop, in the public interest, a single set of high quality, understandable and enforceable global accounting standards that require high quality, transparent and comparable information in the financial statements to help participants in the various capital markets of the world and other users of the information to make economic decisions




  • to promote the use and rigorous application of those standards
  • to work actively with national standard setters to bring about convergence of national accounting standards and International Financial Reporting Standards to high quality solutions.
The objectives of the IASB are:
 to develop, in the public interest, a single set of high quality, understandable and enforceable global accounting standards that require high quality, transparent and comparable information in the financial statements to help participants in the various capital markets of the world and other users of the information to make economic decisions
to promote the use and rigorous application of those standards
to work actively with national standard setters to bring about convergence of national accounting standards and International Financial Reporting Standards to high quality solutions.




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