Intro -- Contents -- List of Figures -- List of Tables -- Foreword -- Preface -- List of Abbreviations -- 1. Introduction and Overview -- 1.1. Approach -- 1.2. Overview -- 1.2.1. The Antecedents and Founding of the IASC -- 1.2.2. The IASC to 1987 -- 1.2.3. The IASC from 1987 to 2000 -- PART I. ORIGINS -- 2. Origins of International Accounting Harmonization -- 2.1. International Economic Integration and Accounting Harmonization -- 2.2. The Creation of Regional Accountancy Bodies -- 2.3. Calls for Uniformity of Accounting Standards -- 2.4. International Accounting in the United States -- 2.5. Accountants International Study Group -- 2.6. An International Accounting Secretariat -- 2.7. Accounting Harmonization in the EEC and the Role of the UEC -- 2.8. The Stage for the IASC -- 3. The Founding of the IASC -- 3.1. The Initiative to Form an International Accounting Standards Committee -- 3.2. Benson's Role and Motivation -- 3.3. General Reactions to the IASC Proposal -- 3.4. Main Features of the 1973 Agreement and Constitution -- 3.5. Reactions to the Founding of the IASC -- PART II. 1973-87 -- 4. The People and the Structure of the IASC -- 4.1. The Chairmen -- 4.2. Composition of the Original Delegations to the IASC -- 4.3. Evolution of the Delegations to 1987 -- 4.4. Delegations Subsequently Added -- 4.5. Incorporation of Associate Members -- 4.6. The Technical Staff -- 4.7. The Official Language(s) -- 4.8. Link with the ICAEW -- 4.9. The Early Plan for the Approval and Production of Standards -- 4.10. Composition of the Project Steering Committees -- 4.11. Communications -- 4.12. Meetings of the Committee (from 1977 Onwards, the Board) -- 4.13. Finances -- 4.14. Changes in 1977 in the Agreement and Constitution -- 4.15. The Organisation and Planning Committee (OPC) -- 4.16. The Consultative Group.

4.17. Changes in 1982 in the Agreement and Constitution -- 4.18. IASC/IFAC Co-ordinating Committee -- 4.19. The IASC's Major Reassessment of Its Future Plans in 1987 -- 5. 'Compromise to Harmonise': Setting the IASC's Early Standards -- 5.1. Overview -- 5.2. Working Arrangements and Composition of Steering Committees -- 5.3. Review of the Technical Projects 1973-87 -- 5.4. The First Standard: IAS 1 -- 5.5. Tempered Ambitions: IAS 2 to IAS 5 -- 5.6. A Non-starter: Auditing Standards -- 5.7. Inflation Accounting: IAS 6 and IAS 15 -- 5.8. Stocking the Shop: IAS 7 to IAS 13 -- 5.9. Foreign Currency Translation: The Long Road to IAS 21 -- 5.10. A Courageous Discussion Paper on Banks -- 5.11. Showing Leadership: IAS 14, 17, and 19 -- 5.12. Antecedents of a Conceptual Framework: IAS 16, 17, and 18 -- 5.13. The End of the Beginning: IAS 20, 22, and 23-6 -- 5.14. Conclusion -- 6. The IASC Labours to Gain Recognition -- 6.1. The Best Endeavours Undertaking -- 6.2. An Important Endorsement from the FIBV -- 6.3. European and World Surveys of Financial Reporting: A Boon for the IASC -- 6.4. Impact on Country Members of the IASC Board -- 6.5. United Kingdom & Ireland -- 6.6. United States -- 6.7. Australia -- 6.8. Canada -- 6.9. France -- 6.10. Germany -- 6.11. Japan -- 6.12. Mexico -- 6.13. The Netherlands -- 6.14. Nigeria -- 6.15. South Africa -- 6.16. Italy -- 6.17. Taiwan -- 6.18. Discussion of Selected Associate Members Not Serving on the IASC Board -- 6.19. Non-participation by Central and South American Countries -- 6.20. General Assessment of the Impact of the IASC's Standards up to 1987 -- 6.21. The IASC Seeks Support through Visits and Liaison -- 6.22. The IASC's Contacts at the European Level -- 6.23. The IASC's Contacts with the SEC -- 6.24. The IASC's Initial Contact with IOSCO and Its Portent -- 7. The IASC Copes with Its Political Environment.

7.1. The Developing World and the United Nations -- 7.2. The OECD -- 7.3. Integration with IFAC: 1973-82 -- 7.4. Origins of the Consultative Group and Outside Board Members -- 7.5. The Last Attempt at a Merger with IFAC: The Bishop Working Party -- PART III. 1987-2000 -- 8. The Changing Look of the IASC: People, Structure, and Funding -- 8.1. Chairmen and Vice-Chairmen -- 8.2. Changing Composition of Board Membership -- 8.3. Challenges Facing Some Delegations During the Activist 1990s -- 8.4. Voting Practices of the Board Delegations -- 8.5. Guests and Observers at Board Meetings -- 8.6. Venues, Frequency, and Length of Board Meetings -- 8.7. Opening Board Meetings to the Public -- 8.8. Observers on Steering Committees -- 8.9. Sir Bryan Carsberg Succeeds David Cairns as Secretary-General -- 8.10. The IASC Augments Its Research Staff -- 8.11. The IASC Expands Its Support Staff and Requires More Office Space -- 8.12. Executive Committee Replaces the Organisation and Planning Committee -- 8.13. The Board Establishes the Standing Interpretations Committee -- 8.14. Significant Growth in the IASC's Budget -- 8.15. The IASC's Foundation Working Party: Charting the Course Towards a Vehicle for Fund-Raising -- 8.16. The Advisory Council -- 8.17. Fund-Raising -- 8.18. Amending the IASC Constitution in 1992 -- 8.19. Relations with IFAC -- 8.20. Consultative Group -- 9. The IASC Fortifies Its Standards: The Framework, and the Comparability and Improvements Projects -- 9.1. The Building Blocks and the Framework -- 9.2. The IASC Reviews Its Previous International Accounting Standards -- 9.3. Comparability and Improvements -- 9.4. Other Projects -- 10. Raising the Stakes: The IASC Responds to IOSCO and the SEC -- 10.1. The Emergence of IOSCO -- 10.2. The IASC Establishes Contact with IOSCO via the SEC -- 10.3. The Comparability Steering Committee: E32.

10.4. The Resolutions Taken at IOSCO's 1988 Annual Conference -- 10.5. The Inception of the IASC's Improvements Steering Committee -- 10.6. Developments at IOSCO -- 10.7. The Role of IOSCO in the Improvements Steering Committee -- 10.8. The SEC's Cautious Response to Capital Market Pressures -- 10.9. IOSCO Official Defines the Qualities Required in the IASC's Revised Standards -- 10.10. IOSCO Identifies the Core Standards It Expects from the IASC -- 10.11. IOSCO's Rebuff to the IASC -- 10.12. The IASC and IOSCO Chart the Way Forward -- 10.13. The IASC Accelerates Its Target Date to March 1998 for Completing Its Core Standards -- 10.14. The SEC Announces the 'Three Key Elements' to be Reflected in Acceptable IASC Standards -- 10.15. A Closer Working Relationship Between the IASC and IOSCO -- 10.16. The New York Stock Exchange Pressures the SEC to Accept the IASC's Standards -- 10.17. The FASB Questions the IASC's Due Process -- 10.18. The IASC Board Completes the Core Standards -- 10.19. IOSCO Endorses the IASC's Core Standards -- 10.20. The SEC Issues a Major 'Concept Release' in February 2000 -- 10.21. The European Commission Proposes to Require EU Listed Companies to Adopt IASC Standards -- 11. Putting Teeth in Harmonization: The IASC Completes Its Core Standards -- 11.1. Introduction -- 11.2. Development of the Technical Agenda -- 11.3. The Standard-Setting Process -- 11.4. Income Tax: Revision of IAS 12 -- 11.5. Financial Instruments -- 11.6. Intangible Assets and Impairment -- 11.7. Other Core Standards on New Topics -- 11.8. Revisions of Standards -- 11.9. Post-Core Technical Work -- 11.10. Conclusion -- 12. The World Wakes Up to the IASC -- 12.1. Introduction -- 12.2. A Mixed Record of Acceptance in Europe -- 12.3. The European Commission's Gradual Conversion to IASC Standards -- 12.4. Impacts Outside of Europe.

12.5. Support for the IASC from International Financial Institutions -- 12.6. The G4+1 -- 13. Towards a World Standard Setter: The Restructuring of the IASC -- 13.1. Formation of the Strategy Working Party and Its Membership -- 13.2. Meetings During 1997 and Successive Drafts of the Discussion Paper -- 13.3. The Working Party's Deliberations During 1998 -- 13.4. The Discussion Paper Published in December 1998 -- 13.5. Comment Letters on the December 1998 Discussion Paper -- 13.6. The Advisory Council, Executive Committee, and Board Take Up theWorking Party's Proposals in March 1999 -- 13.7. Enevoldsen and Carsberg Table Their Own Proposal in Warsaw in June/July 1999 -- 13.8. Developments Following Warsaw -- 13.9. Working Party Meets in September 1999 -- 13.10. Run-up to the Board's November 1999 Meeting in Venice -- 13.11. The Executive Committee's and Board's November 1999 Meetings in Venice -- 13.12. Transition from the Old to the New IASC -- Appendix 1: Text of the 1973 Agreement and Constitution -- Appendix 2: Chairmen and Senior Staff -- Appendix 3: Members of the Delegations to the IASC, 1973-2000 -- Appendix 4: Technical Projects, Exposure Drafts, and Standards -- Appendix 5: Venues and Dates of Board Meetings -- Appendix 6: Interviewees -- Appendix 7: Use of, and References to, Unpublished Sources -- Notes -- Index -- A -- B -- C -- D -- E -- F -- G -- H -- I -- J -- K -- L -- M -- N -- O -- P -- Q -- R -- S -- T -- U -- V -- W -- Y -- Z.

A detailed and scholarly historical study of the International Accounting Standards Committee (IASC), which prepared the way for the International Accounting Standards Board (IASB). The IASB holds the dominant influence over the financial reporting of thousands of listed companies in the European Union as well as in many other countries.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2018. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.