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The Changing IASB and AASB Relationship
Author(s) -
Stevenson Kevin M.
Publication year - 2012
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.1835-2561.2012.00182.x
Subject(s) - accounting , business , international standard , computer science , telecommunications
This article takes the reader inside the changing relationship between the Australian Accounting Standards Board (AASB) and other standard setters, and the International Accounting Standards Board (IASB) in 2012. Critically, it looks at the prospect that relationships between the IASB and domestic standard setters might now change markedly as attempts are made to establish more formal links with domestic and regional groupings of standard setters, a move currently being mooted by the International Financial Reporting Standards (IFRS) Trustees and the IASB. Related to this development, the article looks at a rapidly emerging aspect of standard setting – the rise of regional groupings such as the Asian‐Oceanian Standard‐Setters Group (AOSSG). Such groups are having a direct impact on relationships between domestic standard setters and the IASB.