ASPECTS OF THE INTERNATIONAL FINANCIAL REPORTING STANDARDS AND THE IAS GOVERNING IN GLOBAL CONTEXT

The International Financial Reporting Standards (IRFS) represents a set of accounting standards, issued by the International Accounting Standards Board (IASB). Many of the standards belonging to the IRFS are commonly known under the name “international accounting standards”. The present paper approaches aspects regarding both the IASB governing and the international accounting standards, focusing on the regulations, resolutions reports and working documents of the European Commission and the Council of Europe, regarding the evolution of the governing for the International Accounting Standards (IAS).