This paper sets out ACCA’s general position on the future of national accounting standards setters in the context of the spread of global standards. It discusses a number of possible roles for them in the future, and considers the relevance of each of these roles based on a survey of nine countries that have adopted IFRS to some extent.
- Standard setting
- Endorsing IFRS
- Amending IFRS
- Implementation guidance and best practice
- Influencing the development of IFRS and stimulating debate
- Operations of the national standard setters