What is the role of the Ontario Securities Commission (OSC) in standard setting?
Answer to relevant QuestionsWhat are some possible reasons why another organization, such as the OSC or the Securities and Exchange Commission (SEC), should not issue financial reporting standards? The chairman of the Financial Accounting Standards Board (FASB) at one time noted that “the flow of standards can only be slowed if (1) producers focus less on quarterly earnings per share and tax benefits and more on ...Which organization is currently dominant in the world for setting accounting standards? Some accountants have said that the development and acceptance of generally accepted accounting principles (that is, standard setting) is undergoing a “politicization.” Some use the term “politicization” in a narrow ...Michael Sharpe, then deputy chairman of the International Accounting Standards Committee, made the following comments before the Financial Executives International 63rd Annual Conference: There is an irreversible movement ...
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