International


The trustees of the International Accounting Standards Committee (IASC) Foundation published a discussion document containing proposals that would establish a formal link between the IASC Foundation and a monitoring group composed of representatives of public authorities and international organizations that are accountable to public authorities. The proposals would also expand the membership of the International Accounting Standards Board (IASB) to 16 members and add new guidelines regarding the geographical diversity of the membership.

The establishment of the link to a monitoring group is aimed at enhancing the transparency and public accountability of the IASC Foundation, while not impairing the independence of the standard-setting process, according to an IASC Foundation news release.

The discussion document, Review of the Constitution: Public Accountability and the Composition of the IASB—Proposals for Change, is available at www.iasb.org/ NR/rdonlyres/12CC476D-B88F-418A- 826F-71A7465FC2E0/0/Proposal_ and_issues_for_the_Constitution.pdf.

SPONSORED REPORT

CPEOs provide peace of mind around payroll services

The creation of these new IRS-certified service providers for small businesses clarifies some issues around traditional professional employer organizations.

QUIZ

Pronoun practice to help polish your prose

Using pronouns correctly in writing and speech can help you make a good impression. Try our 10-question quiz.