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15 July, 2009 International Accounting Standards Board 30 Cannon

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Members of the organizations identified above would be pleased to meet with the Boards or staff to discuss any questions regarding our comments. We thank the FASB and IASB for the opportunity to comment on the Boards preliminary views with respect to this very important project. Please contact Gareth Lewis EPRA s Director of Finance at gareth. lewis epra*com or 32 27391014 if you would like to discuss our comments. Respectfully submitted Blvd de la Woluwe 62 Woluwelaan 1200 Brussels Belgium ...

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How does the standard-setting process differ between the FASB and the IASB?

How does the standard-setting process differ between the FASB and the IASB? The processes are very similar, except the IASB conducts a post-implementation review of each new standard or docHub change to an existing standard.

What is the difference between the FASB and the IASB?

The main difference between the IASB and the FASB is that the International Accounting Standards Board The IASB is responsible for the creation of International Financial Reporting Standards, whereas the FASB seeks to develop generally accepting accounting principles.

What is the difference between IASB and IFRS?

IFRS stands for International Financial Reporting Standards, It is a set of accounting standards created and maintained by the International Accounting Standards Board (IASB). These standards serve as the foundation for financial statements prepared by public companies in more than 140 countries.

What is the difference between IASB and IFRS?

The key difference between IAS and IFRS is that IAS is the earlier version of the accounting standards, while IFRS is a more up-to-date and widely used version worldwide. IFRS provides more detailed requirements for financial reporting and covers a broader range of accounting issues than IAS.

What are the differences between US accounting standards and international standards?

Key Takeaways Some accountants consider methodology to be the primary difference between the two systems; GAAP is rules-based and IFRS is principles-based. Many countries are transitioning all financial reporting to the IFRS standard.

What is the joint project between IASB and FASB?

At their joint meeting in October 2004, the IASB and the US FASB decided to add to their respective agendas a joint project to develop a common conceptual framework, based on and built on both the existing IASB Framework and the FASB Conceptual Framework, that both Boards would use as a basis for their accounting

What is the difference between IFRS and GAAP?

Key Differences The primary difference between the two systems is that GAAP is rules-based and IFRS is principles-based. This difference appears in specific details and interpretations. IFRS guidelines provide much less overall detail than GAAP.

What is the significance of the Norwalk Agreement?

The Norwalk Agreement set out the shared goal of developing compatible, high-quality accounting standards that could be used for both domestic and cross-border financial reporting.

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How does the standard-setting process differ between the FASB and the IASB?

What is the difference between the FASB and the IASB?

What is the difference between IASB and IFRS?

What is the difference between IASB and IFRS?

What are the differences between US accounting standards and international standards?

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What is the joint project between IASB and FASB?

What is the difference between IFRS and GAAP?

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How does the standard-setting process differ between the FASB and the IASB?

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What is the difference between IASB and IFRS?

What are the differences between US accounting standards and international standards?

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What is the joint project between IASB and FASB?

What is the difference between IFRS and GAAP?

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