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International Accounting Standards Committee

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International Accounting Standards Committee was founded in June 1973 and restructured to the International Accounting Standards Board (IASB) on April 1, 2001. It was responsible for setting the International Accounting Standards.

The IASC was founded as a result of an agreement between accountancy bodies in the following countries.

Australia
Canada
France
Germany
Japan
Mexico
the Netherlands
the United Kingdom and Ireland
the United States of America

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