Standards Advisory Council

Standards Advisory Council
A body of experts who advise the International Accounting Standards Board (IASB) on priorities in setting accounting standards. The members also inform the IASB of the implications of proposed standards for users and preparers of financial statements and may give other advice to the IASB or the trustees of the International Accounting Standards Committee Foundation (IASC Foundation). The IASB is required to consult the SAC in advance of decisions on major projects and the trustees of the IASC Foundation must consult the SAC in advance of making any changes to its constitution.
See feature: international standard setters on pp. 226–227

Accounting dictionary. 2014.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • Financial Accounting Standards Advisory Council — FASAC In the USA, a council that advises the Financial Accounting Standards Board as to its agenda and accounting standards …   Accounting dictionary

  • Governmental Accounting Standards Advisory Council — GASAC An advisory committee of the *Governmental Accounting Standards Board (GASB). The members of GASAC comprise a variety of constituencies with an interest in public sector accounting, and GASAC’s responsibilities include the provision of… …   Auditor's dictionary

  • Financial Accounting Standards Advisory Council — FASAC An advi sory committee of the * Financial Accounting Standards Board (FASB). Set up in 1973 at the time of the FASB’s creation, the council advises the FASB on its activities relating to U.S. *Generally Accepted Accounting Principles. The… …   Auditor's dictionary

  • Financial Accounting Standards Advisory Council (FASAC) — ein mindestens 20 ehrenamtlich tätige Personen umfassender Ausschuss, der für jeweils ein Jahr ernannt wird und das ⇡ Financial Accounting Standards Board (FASB) in Rechnungslegungsfragen wie etwa der Themenauswahl und der Abgabe vorläufiger… …   Lexikon der Economics

  • Municipal Advisory Council — A municipal advisory council in the United States is an organization composed of elected or appointed members whose purpose is to advise a city or county government about the activities and problems of the area represented. In California state… …   Wikipedia

  • Standard Advisory Council — Das Standard Advisory Council (SAC) ist eines der wichtigsten Organe im Rahmen der Internationalen Rechnungslegung. Das SAC besteht aus mindestens 30 Mitgliedern (derzeit aus 40) mit verschiedenen Hintergründen (fachlich, Nationalität) und dient… …   Deutsch Wikipedia

  • Federal Accounting Standards Advisory Board — Infobox Government agency agency name = Federal Accounting Standards Advisory Board nativename = nativename a = nativename r = logo width = 160px logo caption = seal width = seal caption = formed = October 1990 preceding1 = preceding2 = dissolved …   Wikipedia

  • Council for Refractive Surgery Quality Assurance — The Council for Refractive Surgery Quality Assurance (CRSQA, USA Eyes ) is an independent, nonprofit, patient/consumer health organization that provides detailed information about LASIK and certifies refractive surgery doctors based upon patient… …   Wikipedia

  • International Accounting Standards Committee — Das International Accounting Standards Committee (IASC) wurde am 29. Juni 1973 als Vorgängerorganisation des International Accounting Standards Board (IASB) in London gegründet. Sie war eine privatrechtliche Organisation der Berufsverbände… …   Deutsch Wikipedia

  • Governmental Accounting Standards Board — GASB The U.S. *public sector accounting standards setting organization. Based in Norwalk, CT, and established in 1984, the GASB’s Web site states that its mission is to establish and improve standards of state and local governmental accounting… …   Auditor's dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”