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Home > QFINANCE Dictionary > Definition of International Accounting Standards Board

Definition of

International Accounting Standards Board

Accounting

organization that sets accounting standards an independent and privately funded standard-setting organization for the accounting profession, based in London. The Board, whose members come from nine countries and a variety of backgrounds, is committed to developing a single set of high quality, understandable, and enforceable global standards that require transparent and comparable information in general purpose financial statements. It also works with national accounting standard setters to achieve convergence in accounting standards around the world.

Related definitions of "International Accounting Standards Board"

Recommended Further Reading (Term count)
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Definitions of ’International Accounting Standards Board’ and meaning of ’International Accounting Standards Board’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’International Accounting Standards Board’ and other financial terms with our online QFINANCE Financial Dictionary.

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