Wiley IAS 99

For many years the International Accounting Standards Committee (IASC) has been working to develop a set of accounting standards which can be used to bring about uniformity in financial reporting around the world. Uniform accounting will reduce the costs of preparing financial statements for multinational companies and facilitate the jobs of invest analysts, investors, and others in assessing business results. An agreement made with IOSCO, the International Organisation of the Securities Regulators, in July 1995, will lead to completion of the core set of International Accounting Standards which are planned for late 1998. This text provides coverage of International Accounting Standards formal exposure drafts and statements of position. It offers a listing of all relevant IASC standards, including background information and guidance on all the traditional US and UK GAAP topics that are not covered by IASC standards.