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Pathway to 2005 IASB Standards
Author(s) -
Alfredson Keith
Publication year - 2003
Publication title -
australian accounting review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.551
H-Index - 36
eISSN - 1835-2561
pISSN - 1035-6908
DOI - 10.1111/j.1835-2561.2003.tb00214.x
Subject(s) - accounting , business , accounting standard , quality (philosophy) , set (abstract data type) , international financial reporting standards , financial accounting , accounting information system , computer science , philosophy , epistemology , programming language
The proposed adoption of international accounting standards is a challenge worth meeting if the result is a set of internationally acceptable high‐quality accounting standards that leads to improved transparent financial reporting. If the effort is unsuccessful, we will have lost a unique opportunity for accounting standard‐setters to make a quantum improvement in the quality of financial reporting.