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IAS 19 is an international accounting standard that explains how to account for wages, pensions, life insurance and other perquisites. It covers topics such as actuarial valuation, funding, assumptions, surplus, settlement and curtailment of employee benefit plans.
Learn about the history, adoption, and conceptual framework of IFRS, the global accounting standards issued by the IFRS Foundation and the IASB. Compare IFRS with US GAAP and other national standards, and see the profiles of IFRS use in 166 jurisdictions.
This is a list of the IFRSs and official interpretations, as set out by the IFRS Foundation. It includes accounting standards either developed or adopted by the International Accounting Standards Board (IASB), the standard-setting body of the IFRS Foundation.
The IASB is the independent accounting standard-setting body of the IFRS Foundation, responsible for developing and promoting International Financial Reporting Standards (IFRS). Learn about its history, members, due process, funding and related terms.
The IASC was founded in 1973 and dissolved in 2001, developing a set of International Accounting Standards (IAS) that were later adopted as International Financial Reporting Standards (IFRS). The IASC was an initiative of national accountancy bodies from various countries, and its membership expanded over time to include some non-auditor organizations.
The IFRS Foundation is a nonprofit organization that oversees financial reporting standard-setting. It was formerly called IASC Foundation until 2010, when it changed its name to reflect its expanded scope of sustainability standards.
Deloitte is a multinational network of independent legal entities that provide audit, consulting, financial advisory, risk advisory, tax, and legal services. Founded in 1845 in London, Deloitte is one of the Big Four accounting firms and has over 457,000 employees in 150 countries.
The convergence of accounting standards refers to the goal of establishing a single set of accounting standards that will be used internationally. [1] Convergence in some form has been taking place for several decades, [2] and efforts today include projects that aim to reduce the differences between accounting standards.