In 1973, the Accounting Principles Board was replaced by the Financial Accounting Standards Board (FASB) under the supervision of the Financial Accounting Foundation with the Financial Accounting Standards Advisory Council serving to advise and provide input on the accounting standards.

(Accounting Principles and Procedure)

(q) Evaluate changes in accounting principles to determine the appropriateness of accounting principles and financial disclosure practices

(c) The Board recommended that financial rule 111.6 should be reviewed in the light of generally accepted accounting principles (para. 50).

Other organizations involved in determining United States accounting standards include the Governmental Accounting Standards Board (GASB), formed in 1984, and the Public Company Accounting Oversight Board (PCAOB).

Common accounting standards. There is no uniform set of accounting principles and standards for application among United Nations agencies.

(l) Common accounting standards There is no uniform set of accounting principles and standards for application among United Nations agencies.

The Board recommends that UNHCR review the accounting for advances to UNDP.

The Board recommends that UNHCR review the accounting for advances to UNDP.

(b) The financial statements were prepared in accordance with the stated accounting principles

In the opinion of the Board, this was not an appropriate accounting treatment.

22. The Board noted the improvements effected in internal and accounting controls at ECA.

While sharing many common principles with business accounting, national accounts are based on economic concepts.

Technical competency in understanding financial statements and reporting, generally accepted accounting principles, audit and investigation

154. Financial rule 111.6 should be reviewed in the light of generally accepted accounting principles.

5. Notes the progress made, as reported to the Governing Council by the Board of Auditors, on the issue of generally accepted accounting standards and principles applicable to the United Nations system

(c) The accounting principles were applied on a basis consistent with that of the preceding financial report

The standards are thus expected to draw accounting principles and methods in the system towards common norms.

The standards are thus expected to draw accounting principles and methods in the system towards common norms.

81. The Board recommends that UNDCP should review and simplify accounting arrangements for the fund of UNDCP.

The Board noted that the financial statements of the Fund of UNEP conformed to the accounting standards.

The Board reiterates its recommendation that UNHCR consider disclosing more items in its financial report in respect of good governance principles applied to oversight, performance reporting, social accounting issues, risk management, continuity and internal control issues.

The Board reiterates its recommendation that UNHCR consider disclosing more items in its financial report in respect of good governance principles applied to oversight, performance reporting, social accounting issues, risk management, continuity and internal control issues.

The Board reiterates its recommendation that UNHCR consider disclosing more items in its financial report in respect of good governance principles applied to oversight, performance reporting, social accounting issues, risk management, continuity and internal control issues.

A number of attempts have been made to define intangible assets Prior to 2005 the Australian Accounting Standards Board issued the Statement of Accounting Concepts number 4 (SAC 4).

The Board previously recommended that the Administration consider the disclosure of items in the financial report in terms of good governance principles relating to oversight, performance reporting, social accounting issues, risk management, continuity and internal control issues.

In paragraph 78, the Board recommended that UNICEF harmonize the accounting treatment of private sector fund raising proceeds.

(f) Stressed the importance of promoting environmental accounting in the users' community and taking on board users' needs

The Board is concerned that the current accounting and reporting arrangements for UNDCP do not facilitate this process.

The Organization follows international accounting standard 1, Presentation of financial statements , on the disclosure of accounting policies, as modified and adopted by the Chief Executives Board for Coordination as follows

In paragraph 33 of its report, the Board recommended that UNICEF disclose items in the financial report in terms of best governance principles relating to oversight, performance reporting, social accounting issues, risk management, continuity and internal control issues.

The representative of the Board of Auditors also indicated that progress had been made on the issue of generally accepted accounting principles applicable to the United Nations system, which was currently being discussed with the Panel of Auditors.

In paragraph 46, the Board recommended that the Administration correct accounting errors and reduce the risk of such errors.

In paragraph 43 of its report, the Board recommended that ITC consider the disclosure of items in the financial report in terms of best governance principles relating to oversight, performance reporting, social accounting issues, risk management, continuity and internal control issues.

In paragraph 29 of its report, the Board recommended that UNRWA consider the disclosure of items in the financial report in terms of best governance principles relating to oversight, performance reporting, social accounting issues, risk management, continuity and internal control issues.

In paragraph 33, UNFPA agreed with the recommendation of the Board of Auditors to (a) consider the disclosure of information in terms of best governance principles relating to oversight, performance reporting, social accounting issues, risk management, continuity and internal control issues.

The Board noted that the financial statements of the United Nations University, by and large, conformed to the accounting standards.

The Board remains concerned regarding the limited format of the above mentioned guiding principles.

Their primary objectives are to provide a framework for accounting and financial reporting in the system which reflects generally accepted accounting principles, while taking account of the specific characteristics and needs of the system and to promote consistent accounting and financial reporting practice among the organizations.

Accounting

UNODC wishes to reiterate, as already conveyed to the Board, that UNODC believes that it correctly reflected income in line with its accounting policy, which is consistent with the United Nations system accounting standards.

Once sacrosanct accounting principles have been amended at Wall Street s behest in order to allow banks to report essentially whatever they want.

With the convergence of the U.S. GAAP and the international IFRS accounting systems, as the highest authority over International Financial Reporting Standards, the International Accounting Standards Board is becoming more important in the United States.

In paragraph 167, the Board recommended and the Administration agreed to implement the strategic deployment stocks accounting guidelines without any undue delay.

The Board found this system cumbersome and recommends that the organization and structure of the financial accounting arrangements be reviewed and simplified.