Global Financial Regulatory Framework

Slides:

Advertisements

Similar presentations

International Financial Reporting Standards The views expressed in this presentation are those of the presenter, not necessarily those of the IASB or IFRS.

Advertisements

Saturday, 15 February 2014 Olivier Servais XBRL Team Leader IASCF: Whats going on?

International Financial Reporting Standards The views expressed in this presentation are those of the presenter, not necessarily those of the IASC Foundation.

Under IFRS Primarily IAS 18 & IAS 11. Very similar to language in FASBs conceptual framework.

® International Accounting Standards Board A set of slides to support our outreach activities 2006/7.

Slide 1 Russian Corporate Governance Roundtable meeting Moscow, 11 November 2004 ENFORCEMENT OF IFRS IN the EU Hans van Damme – Vice President FEE FEE.

The views expressed in this presentation are those of the presenter, not necessarily those of the IASB or IFRS Foundation. International Financial Reporting.

Middle Tennessee State University John West & Sara Becher June 19, 2013 A Day of Acronyms with D&T.

® International Accounting Standards Board Special Libraries Association – Toronto, June 2005 Update on International Accounting Standards Ian P.N. Hague.

International Accounting Standards Board ® Convergence of Accounting Standards and the IASB Process Gilbert Gelard, Member of IASB Bucharest, May 2003.

International Financial Reporting and Analysis, 5 th edition David Alexander, Anne Britton and Ann Jorissen ISBN © 2011 Cengage Learning.

5BUS0253 FS 2 week 1 Financial Statements 2 Lecture 1.

1 Fair value or an alternative measurement model ICAEW Roundtable 8 July 2008 Interventionby Fernando Restoy Commissioner Spanish CNMV Chairman CESR-Fin.

Overview on EU Accounting issues Moscow – 27 February 2008 Jeroen Hooijer Head of accounting Unit, EU Commission.

1 IFRS Accounting in Europe Thomas Oversberg Project Manager Brussels - 5. November 2007.

GAAP PowerPoint #5.  International Financial Reporting Standards  Adopted in 1989 by the International Accounting Standards Board  Composed of principles-based.

International Financial Reporting Standards The views expressed in this presentation are those of the presenter, not necessarily those of the IASC Foundation.

Initial thoughts on a Global Strategy for the Implementation of the SEEA Central Framework Ivo Havinga United Nations Statistics Division.

Revise Lecture 1 1. Framework of Financial Reporting 1. The regulatory system 2. A conceptual framework 2.

Different countries employ different Accounting standards while computing the Profits or a company. Hence the Accounting results for the different countries.

ACTG 6580 Chapter 1 – Financial Reporting and Accounting Standards Class Summary.

Financial Accounting and Accounting Standards

The GAAP Accounting principles board (APB) was set up accounting principles. Every business enterprise prepares its financial statement in accordance with.

PLAN AND BUDGET COMMITTEE AND THE OVERALL BUDGET PROCESS Yüksel KARADENİZ Legislative Expert.

The UNIVERSITY of GREENWICH 1 September 2009 L3b Audit and assurance J. E. Spencer-Wood Auditing and assurance Lecture 3b Regulatory Accounting Bodies.

Revise Lecture 2 1. Revise Lecture The regulatory system 2.2. A conceptual framework 2.

Slide 1-1 FINANCIAL REPORTING AND ACCOUNTING STANDARDS.

® International Accounting Standards Committee Foundation December World Bank—Advanced Program in Accounting and Auditing Regulation IFRSs—an overview.

PSC INTOSAI Professional Standards Committee The auditing function of Supreme Audit Institutions A systematic mapping of the auditing assignments of selected.

ASEM IFRS SEMINAR Shanghai, March 2006 IFRS implementation in the EU – experience from a Commission perspective Ulf Linder Deputy Head of Unit Accounting.

Slide 1 ROAD TO EUROPE – PROGRAM OF ACCOUNTING REPORTING AND INSTITUTIONAL STRENGTHENING How can the European Federation of Accountants (FEE) Assist ?

Chapter 5 Environment of International Research

1 Room for interpretation in IFRS: The Kiss of Death or Road to Success for IFRS? Prof. Dr. S. J. Maijoor (AFM)

Annual Report Constitution Public Audit Act Public Finance Management Act Other legislation Minister of Finance Establishment and operations National.

Accounting Standard Setting: Developing Generally Accepted Accounting Principles (GAAP) for preparing financial statements & related disclosures pre 1929:CPA’s.

® The Accounting Language of the 21st Century David TWEEDIE Chairman, International Accounting Standards Board United Kingdom.

Slide 1 Risk Management and Internal Control in the EU Responses to Discussion Paper Robert Hodgkinson 25 October 2005.

International Accounting Standards A presentation by the assistant lecturer, Department of accounting CHATZICHRISTOS CHRISTOS.

Global Financial Regulatory Framework Regulating International Capital Market Masters in Accountancy (MACC508)

Global Financial Regulatory Framework Regulating Accounting, Auditing and Financial Reporting Masters in Accountancy (MACC508)

Global Financial Regulatory Framework Regulating International Capital Market Masters in Accountancy (MACC508)

Global Financial Regulatory Framework Regulating Accounting and Auditing profession in Zimbabwe Masters in Accountancy (MACC508)

Global Financial Regulatory Framework Regulating International Capital Market Masters in Accountancy (MACC508)

Global Financial Regulatory Framework Course Outline Masters in Accountancy (MACC508)

Financial Accounting. 2 Section A: Context & purpose of Financial Reporting A1. The reasons for, & objectives of, financial reporting A2. Users’ & stakeholders’

Global Financial Regulatory Framework Regulating Accounting, Auditing and Financial Reporting Masters in Accountancy (MACC508)

Global Financial Regulatory Framework Regulating of Accounting, Auditing and Financial Reporting: Introduction Masters in Accountancy (MACC508)

5-1 Part B Regulatory Framework for Financial Reporting Regulatory Framework: Company Law International Accounting Standard Influence of other national.

THE INTERNATIONAL ACTUARIAL ASSOCIATION Actuaries serving the public interest.

Regulation in Financial Accounting

The International Environment

groups that impact Accounting rules

Corporate Laws Amendment Bill Submission to Portfolio Committee on Trade and Industry 23/05/ May 2006 PwC.

April 2010 IASB Update SEMINARIO SOBRE NORMAS INTERNACIONALES DE INFORMACIÓN FINANCIERA SUPERINTENDENCIA DE ENTIDADES FINANCIERAS Y CAMBIARIAS Buenos.

REPARIS Workshop Vienna

Conceptual Framework of Accounting

1.01 Generally Accepted Accounting Principles – International Financial Reporting Standards GAAP PowerPoint #5.

The Prospects for Global Convergence of Accounting Standards

Global Financial Regulatory Framework

IFRS IMPLEMENTATION & CHALLENGES

Overview of IFRS for SMEs

Висока пословна школа струковних студија НОВИ САД

IFRS & Corporate Self-enforcement

Accounting for regulated activities in IFRS standards Berlin IEAF meeting 29 November 2010 CENC.

1.01 Generally Accepted Accounting Principles – International Financial Reporting Standards GAAP PowerPoint #5.

Improving Governing Body Performance

GAAP & IFAS Generally Accepted Accounting Principle & International Financial Accounting Standards. Group 1.

Governance, Mandate & Functions November 18, 2008

What is IT audit? An examination of how IT systems where implemented to ensure that they meet the organization’s business needs without compromising.

Financial Reporting Policy

Presentation transcript:

Global Financial Regulatory Framework Masters in Accountancy (MACC508) Global Financial Regulatory Framework Regulating Accounting, Auditing and Financial Reporting

Regulating Accounting, Auditing and Financial Reporting The International Financial Reporting Interpretation Committee (IFRIC)

What does IFRIC Do? IFRIC assists the IASB in improving financial reporting through timely identification, discussion of financial reporting issues within the framework of IFRS

Scope Provide interpretive guidance, Apply conceptual framework in coming out guidance on principle based approach.

Due process Stage 1: Identification of Issues Stage 2: Setting the agenda; Stage 3: Meeting and voting Stage 4: Development of a draft interpretation (Research); Stage 5: The IASB role in the release of a draft interpretation (comments and reach consensus) Stage 6: Comment period and deliberation (60 days); Stage 7: The IASB’s role in an Interpretation (ratification)

End of Slides on the study