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At that time of formation, the board of IASC consists of Australia, Canada, France, Germany, Japan, Mexico, Netherlands, UK, Ireland and USA. The establishment of IASC was a result of an agreement by the accountancy bodies within those countries.
In 1977 International Federation of Accountants (IFRC) was formed and was working closely with all the members within IASC. Their aim is to “produce guidance practicing accountants for practicing accountants and auditors. The main objective of the IFAC and IASC is the achievement of a harmonized – ultimately globalised – profession with the highest technical and ethical standards”...
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Common topics in this essay:
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