- Title Pages
- Foreword
- Preface
- List of Figures
- List of Tables
- List of Abbreviations
- The International Accounting Standards Board until 2011: A Basic Chronology
- 1 Introduction
- 2 Evolution of the IASC into the IASB
- 3 Setting Up the IASB
- 4 The First Wave of Jurisdictional Adoptions of IFRSs
- 5 The IASB Sets its Agenda
- 6 Financial Instruments
- 7 The IASC Foundation’s First Constitution Review
- 8 The United States Begins to Warm to the IASB
- 9 The IASB’s Vexed Relation with Europe
- 10 Adopt or Adapt
- 11 The IASB’s Organization Matures
- 12 Concepts and Convergence
- 13 The IASB Survives the Financial Crisis
- 14 Preparing the IASB for the Second Decade
- 15 The Uncertain Path Towards a Single Global Standard
- 16 The IASB and the FASB Rush to Complete the Convergence Programme
- 17 Epilogue
- Appendix 1 Trustees, Members of the Board, the Advisory Council, and the Interpretations Committee
- Appendix 2 Standards and Interpretations
- Appendix 3 IASC–IFRS Foundation Summary Financial Data 2001–11
- Appendix 4 List of Interviewees
- Appendix 5 Sources and Referencing
- Index
Epilogue
Epilogue
- Chapter:
- (p.607) 17 Epilogue
- Source:
- Aiming for Global Accounting Standards
- Author(s):
Kees Camfferman
Stephen A. Zeff
- Publisher:
- Oxford University Press
This chapter reviews major developments between June 2011 and the middle of 2014. Because of the SEC’s silence on the use of IFRSs in the United States, the IASB had to find its position in a world where it had unquestionably become a leading player, but where national standard setters retained important positions in several jurisdictions. In modifying its consultative arrangements, the IASB paid particular attention to interaction with national standard setters. The IASB’s special relationship with the FASB was reconsidered. Some of the two boards’ remaining convergence projects were completed, but no new joint projects were initiated. The IASB undertook a major agenda consultation to chart its course over the next years. As evidenced by events in the United States and Europe, critical questioning of the IASB and of IFRSs continued.
Keywords: convergence, national standard setters, IFRS adoption, IASB agenda, Monitoring Board, IASB organization
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- Title Pages
- Foreword
- Preface
- List of Figures
- List of Tables
- List of Abbreviations
- The International Accounting Standards Board until 2011: A Basic Chronology
- 1 Introduction
- 2 Evolution of the IASC into the IASB
- 3 Setting Up the IASB
- 4 The First Wave of Jurisdictional Adoptions of IFRSs
- 5 The IASB Sets its Agenda
- 6 Financial Instruments
- 7 The IASC Foundation’s First Constitution Review
- 8 The United States Begins to Warm to the IASB
- 9 The IASB’s Vexed Relation with Europe
- 10 Adopt or Adapt
- 11 The IASB’s Organization Matures
- 12 Concepts and Convergence
- 13 The IASB Survives the Financial Crisis
- 14 Preparing the IASB for the Second Decade
- 15 The Uncertain Path Towards a Single Global Standard
- 16 The IASB and the FASB Rush to Complete the Convergence Programme
- 17 Epilogue
- Appendix 1 Trustees, Members of the Board, the Advisory Council, and the Interpretations Committee
- Appendix 2 Standards and Interpretations
- Appendix 3 IASC–IFRS Foundation Summary Financial Data 2001–11
- Appendix 4 List of Interviewees
- Appendix 5 Sources and Referencing
- Index
