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Fiji embraces international financial reporting standards

White, Michael M. (2008) Fiji embraces international financial reporting standards. Pacific Economic Bulletin, 23 (2). pp. 203-206. ISSN 0817-8038

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    Abstract

    Since 2000, bodies setting national financial reporting standards and which are members of the International Federation of Accountants (IFAC) are required by the terms of their membership to apply the suite of International Accounting Standards (IAS). The standards were developed by the International Accounting Standards Board (IASB). Members must also apply the International Financial Reporting Standards (IFRS) developed by the IASB in conjunction with the US Financial Reporting Standards Board (FASB). (The abbreviation IFRS is taken to refer to the entire suite of regulations.) Globally, this has been a commitment honoured more in the breach than in observance. The development and refinement of global regulation of financial reporting is continuing. Scarcely any jurisdiction can claim to apply the regulations at any one time in their totality.

    Item Type: Journal Article
    Subjects: H Social Sciences > HG Finance
    Divisions: Faculty of Business and Economics (FBE) > School of Accounting and Finance
    Depositing User: Ms Neha Harakh
    Date Deposited: 25 May 2008 16:25
    Last Modified: 19 Jul 2012 14:40
    URI: http://repository.usp.ac.fj/id/eprint/847
    UNSPECIFIED

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