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The IASB carry out various activities to help companies understand the requirements on the new standards of IASB ALSO supports the application of the new standards and for that there is a dedicated committee called
The ifrs IC
So my doubt isas the IASB helps the companies understand the requirements on the new standards
What are the particular requirements?
Hi,
Sorry, I’m a bit confused by your query. The particular requirements on whom? Do you mean responsibilities instead of requirements? And are you looking at the IASB of IFRS Interpretations Committee?
Thanks
Yes sir exactly
I’m looking for the requirements of IFRS INterpretation committeeHi,
It is quite literal, in that the IFRS Interpretations Committee help when there are new standards issued so that companies applying them can understand how to apply them.
The IASB website is really useful so have a look at http://www.iasb.org and you can find lots of information on there.
Thanks
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