<P> The IASB was founded on April 1 , 2001 , as the successor to the International Accounting Standards Committee ( IASC ) . It is responsible for developing International Financial Reporting Standards ( IFRS ) , previously known as International Accounting Standards ( IAS ) and promoting the use and application of these standards . </P>
<P> The IASB was founded on April 1 , 2001 , as the successor to the International Accounting Standards Committee ( IASC ) . It is responsible for developing International Financial Reporting Standards ( IFRS ) , previously known as International Accounting Standards ( IAS ) and promoting the use and application of these standards . </P>
when was the international accounting standards board formed
when was the international accounting standards board formed
April 1 , 2001
April 1 , 2001