Standard-setting process – NBC Institute

AA – Nov 2023 – L2 – Q5a – Institutional Regulation and Standard-Setting

This question describes the process for developing and updating International Standards on Auditing (ISAs).

Question

International Standards on Auditing (ISAs) are developed and updated by the International Auditing and Assurance Standards Board (IAASB), which is an independent standard-setting body established by the International Federation of Accountants (IFAC). The Institute of Chartered Accountants, Ghana adopts the standards set by the International Auditing and Assurance Standards Board (IAASB).

Required:
Describe the process for developing and updating ISAs.
(7 marks)

Answer

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Tags: : ISA development, IAASB, IFAC, Standard-setting process
Level: Level 2

Topic: Institutional Regulation and Standard-Setting
Series: NOV 2023

FR – May 2016 – L2 – Q3d – Role of the IASB and Standard-Setting Process

Discuss the standard-setting process adopted by the IASB.

Question

As a newly qualified accountant with The Institute of Chartered Accountants (Ghana) (ICAG), you are asked to make a short presentation to the rest of the staff in the accounting and finance department of your employer who are themselves yet to join ICAG as students about the standard-setting process adopted by the International Accounting Standards Board (IASB).

Required:
Discuss the standard-setting process as adopted by the IASB to these junior staff.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Accounting Standards, IASB, IFRS, Standard-setting process
Level: Level 2

Topic: Role of the IASB and Standard-Setting Process
Series: MAY 2016

AA – Nov 2023 – L2 – Q5a – Institutional Regulation and Standard-Setting

This question describes the process for developing and updating International Standards on Auditing (ISAs).

Question

Required:
Describe the process for developing and updating ISAs.
(7 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: : ISA development, IAASB, IFAC, Standard-setting process
Level: Level 2

Topic: Institutional Regulation and Standard-Setting
Series: NOV 2023

FR – May 2016 – L2 – Q3d – Role of the IASB and Standard-Setting Process

Discuss the standard-setting process adopted by the IASB.

Question

Required:
Discuss the standard-setting process as adopted by the IASB to these junior staff.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Accounting Standards, IASB, IFRS, Standard-setting process
Level: Level 2

Topic: Role of the IASB and Standard-Setting Process
Series: MAY 2016

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AA – Nov 2023 – L2 – Q5a – Institutional Regulation and Standard-Setting

This question describes the process for developing and updating International Standards on Auditing (ISAs).

FR – May 2016 – L2 – Q3d – Role of the IASB and Standard-Setting Process

Discuss the standard-setting process adopted by the IASB.

AA – Nov 2023 – L2 – Q5a – Institutional Regulation and Standard-Setting

This question describes the process for developing and updating International Standards on Auditing (ISAs).

FR – May 2016 – L2 – Q3d – Role of the IASB and Standard-Setting Process

Discuss the standard-setting process adopted by the IASB.

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Question Tag: Standard-setting process

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AA – Nov 2023 – L2 – Q5a – Institutional Regulation and Standard-Setting

This question describes the process for developing and updating International Standards on Auditing (ISAs).

You're reporting an error for "AA – Nov 2023 – L2 – Q5a – Institutional Regulation and Standard-Setting"

FR – May 2016 – L2 – Q3d – Role of the IASB and Standard-Setting Process

Discuss the standard-setting process adopted by the IASB.

You're reporting an error for "FR – May 2016 – L2 – Q3d – Role of the IASB and Standard-Setting Process"

AA – Nov 2023 – L2 – Q5a – Institutional Regulation and Standard-Setting

This question describes the process for developing and updating International Standards on Auditing (ISAs).

You're reporting an error for "AA – Nov 2023 – L2 – Q5a – Institutional Regulation and Standard-Setting"

FR – May 2016 – L2 – Q3d – Role of the IASB and Standard-Setting Process

Discuss the standard-setting process adopted by the IASB.

You're reporting an error for "FR – May 2016 – L2 – Q3d – Role of the IASB and Standard-Setting Process"

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