Financial Reporting and Global Capital Markets: A History of the International Accounting Standards Committee, 1973-2000 by Kees CamffermanFinancial Reporting and Global Capital Markets: A History of the International Accounting Standards Committee, 1973-2000 by Kees Camfferman

Financial Reporting and Global Capital Markets: A History of the International Accounting Standards…

byKees Camfferman, Stephen A. Zeff

Hardcover | March 8, 2007

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Standardization and harmonization of accounting practices is a fundamental element of a global business environment. Achieving this is a complex process that involves technical and political negotiation. The International Accounting Standards Committee (IASC) was the organization thatpioneered this process on a world-wide basis. The IASC prepared the way for the International Accounting Standards Board (IASB) and its International Financial Reporting Standards, which since 2005 have held the dominant influence over the financial reporting of thousands of listed companies in the European Union, as well as in many othercountries.The forces and influences that shaped the formation of the IASB were intimately connected with the historical organization and operation of its predecessor, the IASC, and so to understand the standards enforced in financial reporting today, a historical understanding of the IASC is required.Financial Reporting and Global Capital Markets does just this. It examines the history of the IASC from 1973 to 2000, including its foundation, operation, changing membership and leadership, achievements and setbacks, the development of its standards, and its restructuring leading up to the creationof the IASB in 2001.The book also studies the impact of the IASC's standards on national standard setting and on accounting practice in developed and developing countries, as well as the impact on the IASC of the policies and positions of the UN, the OECD, the US Securities and Exchange Commission, the InternationalOrganization of Securities Commissions, and the European Commission. It will be of vital interest to all concerned with accounting developments in a global environment, be they academics, policy-makers, or professionals.
Kees Camfferman is Professor of Financial Accounting at the Vrije Universiteit Amsterdam, and a qualified auditor (the Netherlands). His research, published in several international academic journals, is focused on the development of financial reporting practices and of the institutional framework of financial reporting from the 19th...
Title:Financial Reporting and Global Capital Markets: A History of the International Accounting Standards…Format:HardcoverDimensions:704 pages, 9.21 × 6.14 × 1.72 inPublished:March 8, 2007Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199296294

ISBN - 13:9780199296293

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Table of Contents

Foreword by Sir David TweediePreface1. Introduction and OverviewPart I: Origins2. Origins of International Accounting Harmonization3. The Founding of the IASCPart II: 1973-874. The People and the Structure of the IASC5. 'Compromise to Harmonise': Setting the IASC's Early Standards6. The IASC Labours to Gain Recognition7. The IASC Copes with its Political EnvironmentPart III: 1987-20008. The Changing Look of the IASC: People, Structure, and Funding9. The IASC Fortifies its Standards: The Framework and the Comparability and Improvements Projects10. Raising the Stakes: The IASC Responds to IOSCO and the SEC11. Putting Teeth in Harmonization: The IASC Completes its 'Core' Standards12. The World Wakes Up to the IASC13. Towards a World Standard Setter: The Restructuring of the IASCAppendix 1:Text of the 1973 Agreement and ConstitutionAppendix 2: Chairman and Senior StaffAppendix 3: Members of the Delegations to the IASC, 1973-2000Appendix 4: Technical Projects, Exposure Drafts, and StandardsAppendix 5: Venues and Dates of Board MeetingsAppendix: IntervieweesAppendix: Use of and References to Unpublished Sources