Abiblo Finance - Accounting Standard Boards
Accounting Standard Board was established in 1990 to replace Accounting Standard Committee. The main function of Accounting Standard Board is to set up the accounting standard.
Accounting Standard Board may issue the financial reporting standards and abstracts by it branches known as the Urgent Issue Task Force.
However, in 2012, the Accounting Standard Board was abolished.
The Financial Reporting Council now involves in setting the standard while Accounting Council considering other tasks.
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