describe roles and desirable attributes of fi nancial reporting standard-setting bodies and regulatory authorities in establishing and enforcing reporting standards, and describe the role of the International Organization of Securities Commissions
describe roles and desirable attributes of fi nancial reporting standard-setting bodies and regulatory authorities in establishing and enforcing reporting standards, and describe the role of the International Organization of Securities Commissions
The standard setting bodies & regulatory authorities play an important role in developing & supervising the capital markets. Examples of standard setting bodies are international accounting standards board(IASB), financial accounting standards board(FASB) etc. Example of regulatory authority is the Securities & Exchange Commission of US.
The international organization of security commission is a global organization that has been designed to maintain the standards of fair markets.
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