There are several international accounting organizations that have undertaken the mission of harmonizing international standards, promoting the accounting profession, and facilitating collaboration between all organizations involved in international accounting standard setting.
Conduct research and locate one international accounting organization, other than the IASB, and prepare a 2 page paper that includes the following:
- The mission of the organization.
- The role of the organization in international standard setting and harmonization of accounting standards.
- Current projects undertaken by the organization.
- Adherence to ethical standards of the accounting profession.
- Finally, in your report, include if you believe the organization is a major player in advancing the acceptance on international standards. Support your position.