Kees Camfferman and Stephen A. Zeff
- Published in print:
- 2015
- Published Online:
- June 2015
- ISBN:
- 9780199646319
- eISBN:
- 9780191800719
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199646319.003.0011
- Subject:
- Business and Management, Finance, Accounting, and Banking, International Business
This chapter traces the evolution of the IASB organization through its first decade, and reviews the changing composition of the trustees, the Board, the advisory council, the interpretations ...
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This chapter traces the evolution of the IASB organization through its first decade, and reviews the changing composition of the trustees, the Board, the advisory council, the interpretations committee and the technical staff. The trustees exercised their right to appoint Board members by gradually shifting the emphasis in the Board from technical accounting expertise to a broader range of backgrounds and experiences. Several initiatives were taken to enhance the Board’s due process and to improve its communication with constituents. Establishing a secure funding basis for the IASC Foundation was a continuous preoccupation of the trustees. Gradually, the initial reliance on voluntary contributions was replaced by national funding mechanisms and by funding from the European Commission.Less
This chapter traces the evolution of the IASB organization through its first decade, and reviews the changing composition of the trustees, the Board, the advisory council, the interpretations committee and the technical staff. The trustees exercised their right to appoint Board members by gradually shifting the emphasis in the Board from technical accounting expertise to a broader range of backgrounds and experiences. Several initiatives were taken to enhance the Board’s due process and to improve its communication with constituents. Establishing a secure funding basis for the IASC Foundation was a continuous preoccupation of the trustees. Gradually, the initial reliance on voluntary contributions was replaced by national funding mechanisms and by funding from the European Commission.
