Global Accounting Harmonization

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August 31, 2024 4 min read Definitions

International Accounting Standards Committee: Harmonizing Global Accounting

Accounting Finance IASC International Accounting Standards Financial Reporting Global Accounting Harmonization IASB

The International Accounting Standards Committee (IASC) was established in 1973 with the mission of formulating and promoting international accounting standards. It significantly impacted global financial reporting before being succeeded by the International Accounting Standards Board (IASB) in 2001.

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