Aiming for Global Accounting Standards: The International Accounting Standards Board, 2001–2011
Kees Camfferman and Stephen A. Zeff
Abstract
This book provides a historical study of the International Accounting Standards Board (IASB) from 2001 to 2011. During this period, the IASB and its International Financial Reporting Standards (IFRSs) acquired a central position in the practice and regulation of financial reporting around the world. As a unique instance of a private-sector body setting standards with legal force in many jurisdictions, the IASB’s rise to prominence has been accompanied by vivid political debates about its governance and accountability. Similarly, the IASB’s often innovative attempts to change the face of financ ... More
This book provides a historical study of the International Accounting Standards Board (IASB) from 2001 to 2011. During this period, the IASB and its International Financial Reporting Standards (IFRSs) acquired a central position in the practice and regulation of financial reporting around the world. As a unique instance of a private-sector body setting standards with legal force in many jurisdictions, the IASB’s rise to prominence has been accompanied by vivid political debates about its governance and accountability. Similarly, the IASB’s often innovative attempts to change the face of financial reporting have made it the centre of numerous controversies. The book traces the history of the IASB from its foundation as successor to the International Accounting Standards Committee (IASC), and discusses its operation, changing membership and leadership, the development of its standards, and their reception in jurisdictions around the world. The book gives particular attention to the IASB’s relationships with the European Union, the United States, and Japan, as well as to the impact of the financial crisis on the IASB’s work.
Keywords:
accounting standards,
global accounting standards,
standard setting,
IFRS,
adoption of IFRS,
IASB,
financial reporting,
international regulatory cooperation,
convergence of accounting standards
Bibliographic Information
| Print publication date: 2015 |
Print ISBN-13: 9780199646319 |
| Published to Oxford Scholarship Online: June 2015 |
DOI:10.1093/acprof:oso/9780199646319.001.0001 |
Authors
Affiliations are at time of print publication.
Kees Camfferman, author
Professor of Financial Accounting, VU University Amsterdam
Stephen A. Zeff, author
Professor of Accounting, Rice University
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