International Financial Reporting Standards F04-38b
What are the 7 purposes of the IASB framework?
- Assist the Board in developing new and reviewing existing IASs.
- Assist the Board in promoting harmonization of standards.
- Assist national standard-setting bodies in developing standards
- Assist preparers in applying IASs and deal with topics not yet covered.
- Assist auditors in forming an opinion.
- Assist users in interpreting financial statements prepared in conformity with IASs.
- Provide information for parties interested in the work of the IASC (now IASB).
