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Evolution of the IASC into the IASB -- Setting up the IASB -- The first wave of jurisdictional adoptions of IFRSs -- The IASB sets its agenda : 'improvement, convergence, leadership' -- Financial instruments : the confrontation with Europe -- The IASC foundation's first constitution review :...
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The 1972 report of the Wheat Study on Establishment of Accounting Principles became the blueprint for the Financial … Accounting Standards Board (FASB), which began its official operations on July 1, 1973, succeeding the Accounting Principles … accounting profession. This paper is an attempt to understand the crisis in standard setting that led up to the appointment of …
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