Syllabus A. (IASB) and the regulatory framework 1 / 1

• Discuss the need for IFRSs and possible barriers to their development
• Explain the structure and constitution of the IASB and the standard setting process
• Understand and interpret the IASB’s Financial Reporting Framework
• Explain the progress towards international harmonisation
• Account for the first-time adoption of IFRSs
(IASB) and the regulatory framework