Jump to Content Jump to Main Navigation

Part IV International Business Law, XXVIII International Accounting Standards

From: Principles of International Economic Law (1st Edition)

Matthias Herdegen

A newer edition of Principles of International Economic Law is available. Latest edition (2 ed.)
Previous Edition (1 ed.) Next Edition: 2nd Edition Latest edition (2 ed.)

From: Oxford Public International Law (http://opil.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 20 May 2024

International financial law — International minimum standard
International accounting standards play a crucial role for any internationally operating public company. These standards are the basis for international annual accounts and other financial statements. On a global level, the standards of the International Accounting Standards Board (IASB) enjoy broad recognition. However, in the United States specific domestic standards (US GAAP) prevail. Gradual convergence between these competing standards is an important objective. The IASB,1 a private and independent organization, was set up in 2001 by organizations which...
Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.