White, Michael M. (2008) Fiji embraces international financial reporting standards. Pacific Economic Bulletin, 23 (2). pp. 203-206. ISSN 0817-8038
PDF
- Published Version
Restricted to Repository staff only Download (138kB) |
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 04:25 |
Last Modified: | 19 Jul 2012 02:40 |
URI: | https://repository.usp.ac.fj/id/eprint/847 |
Actions (login required)
View Item |