International Accounting Standards Committee
The International Accounting Standards Committee (IASC) was founded in June 1973 in London and was replaced by the International Accounting Standards Board on 1 April 2001. It was responsible for developing the International Accounting Standards and promoting the use and application of these standards.
- Australia (Institute of Chartered Accountants in Australia (ICAA) and the CPA Australia (formerly known as Australian Society of Certified Practising Accountants (ASCPA))
- Canada (Canadian Institute of Chartered Accountants (CICA))
- France (Ordre des Experts Comptable et des Comptables Agrees (Order of Accounting Experts and Qualified Accountants))
- Germany (Institut der Wirtschaftsprüfer in Deutschland (IDW) (Institute of Auditors in Germany) and the Wirtschaftsprüferkammer (WPK) (Chamber of Auditors))
- Japan Nihon Kouninkaikeishi Kyoukai (Japanese Institute of Certified Public Accountants, JICPA))
- Mexico (Instituto Mexicano de Contadores Publicos (IMCP) (Mexican Institute of Public Accountants)) (removed from the board in 1987 due to non-payment of dues; resumed in 1995).
- the Netherlands (Nederlands Instituut van Registeraccountants (NIVRA) (Netherlands Institute of Registered Auditors))
- the United Kingdom and Ireland (counted as one) (Institute of Chartered Accountants in England and Wales (ICAEW), Institute of Chartered Accountants of Scotland (ICAS), Institute of Chartered Accountants in Ireland (ICAI), Association of Chartered Certified Accountants (ACCA), Chartered Institute of Management Accountants (CIMA), and the Chartered Institute of Public Finance and Accountancy (CIPFA)
- the United States of America (American Institute of Certified Public Accountants (AICPA))
The Institute of Chartered Accountants of Nigeria became an associate member in 1976 and a member of the board from 1978 to 1987.
The National Council of Chartered Accountants (South Africa) became an associate member in 1974 and joined the board in 1978. In 1995 the South Africans began sharing their representation on the board with the Institute of Chartered Accountants of Zimbabwe.
The National Federation of Certified Public Accountants Associations of the Republic of China became of member of IFAC Council in 1983 and in 1984 began a three-year term as the second accountancy body from East Asia, after Japan, represented on the IASC Board.
The Institute of Chartered Accountants of India (ICAI) became an associate member in 1974 and joined the board in 1993. In 1995, India began sharing the delegation with the Institute of Chartered Accountants of Sri Lanka.
The Malaysian Association of Certified Public Accountants became an associate member in 1975 (later joined by the Institut Akauntan Malaysia, the Malaysian Institute of Accountants), and was a member of the board from 1995-2000.
Denmark became a member in 1988, replaced in 1990 by the Nordic Federation of Public Accountants (represented by Danes, Swedes and Norwegians,since the Fins and Icelandics were not interested in participating).
The IASC had about 140 member bodies from 104 countries.
From 1995 to 2001, Sir Bryan Carsberg, former Professor of Accounting and Business Finance at the Victoria University of Manchester, served the IASC as Secretary-General.
- Gowthorpe, C., & Amat, O. (2005). Creative accounting: Some ethical issues of macro-and micro-manipulation. Journal of Business Ethics, 57(1), 55-64.