IASC Trustees Meeting in Madrid
NEWYORK- The Trustees International Accounting Standards Board Committee (IASC) Foundation held its third yearly meeting on July 1, 2007 for a two-day period I its headquarters in Madrid.
The trustees of the ISAC foundation discussed the following issues:
- IASB work progress
- The global convergence in accounting standards in order to establish a single set of global financial standards.
- US Securities and Exchange Commission (SEC) to propose allowing non-US companies to file financial results according to International Financial Reporting Standards (IFRSs) without reconciliation with US generally accepted accounting principles (GAAP) by 2009.
The full summary of the meeting is available on TAGI website that can be accessed by clicking on the following link.
The next meeting will be held on October 31, 2007 headquarters New York City.
IASC is an independent body that oversees the International Accounting Standards Board (IASB).