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Home > QFINANCE Dictionary > Definition of IASB

Definition of

IASB

Accounting abbr

organization that sets accounting standards International Accounting Standards Board: an independent and privately funded standard-setting organization for the accounting profession, based in London. The Board, whose members come from nine countries and a variety of backgrounds, is committed to developing a single set of high quality, understandable, and enforceable global standards that require transparent and comparable information in general purpose financial statements. It also works with national accounting standard setters to achieve convergence in accounting standards around the world.

Definitions of ’IASB’ and meaning of ’IASB’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’IASB’ and other financial terms with our online QFINANCE Financial Dictionary.

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