# International Accounting Standards Committee

> international organization

**Wikidata**: [Q1258876](https://www.wikidata.org/wiki/Q1258876)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/International_Accounting_Standards_Committee)  
**Source**: https://4ort.xyz/entity/international-accounting-standards-committee

## Summary
The International Accounting Standards Committee (IASC) was an international organization established by treaty between governments to develop global accounting standards, operating from its inception in 1973 until its dissolution on April 1, 2001. It was succeeded by the International Accounting Standards Board (IASB), which took over its mandate to create and maintain International Financial Reporting Standards. The entity is recognized across numerous national libraries and academic databases, holding unique identifiers such as ISNI 0000000121596307 and VIAF 145909967.

## Key Facts
- **Inception Date:** The organization was founded in 1973.
- **Dissolution Date:** The IASC was abolished on April 1, 2001.
- **Successor Entity:** It was replaced by the International Accounting Standards Board.
- **Classification:** It is categorized as an international organization established by treaty between governments.
- **Primary Identifiers:** ISNI 0000000121596307, VIAF ID 145909967, Library of Congress Authority ID n81005173.
- **Aliases:** Known as "IASC" and "Comite de Normas Internacionales de Contabilidad."
- **Language Availability:** Wikipedia articles exist in 11 languages: German, English, Spanish, Persian, French, Indonesian, Japanese, Dutch, Polish, Portuguese, and Russian.
- **Freebase ID:** /m/018xfx.
- **Encyclopædia Britannica ID:** topic/International-Accounting-Standards-Committee.
- **Sitelink Count:** The entity has 11 sitelinks across various language editions.
- **NSK ID:** 981005681089809366.
- **IDRREF ID:** 03260307X.
- **National Library of Brazil ID:** 001488379.
- **National Library of Latvia ID:** 000189275.
- **National Library of Lithuania ID:** LNB:Sn0;=BX.
- **National Library of Spain (BNE) ID:** XX103135.
- **National Library of Israel (J9U) ID:** 987007436382305171.
- **Slovak National Library (via VIAF) ID:** vtls011067966.
- **NACSI Cat Author ID:** DA03882926.
- **Cinii Research ID:** 1140563741772325120.
- **Yale Lux ID:** group/8d15ac9e-e137-42e4-b322-0715dabac60c.
- **Libraries Australia ID:** 35761991.
- **SBN Author ID:** UANV000817.
- **Share Catalogue Author ID:** 117464.
- **NL CR Aut ID:** vse2005279096 (with qualifier "International Accounting Standards Committee").
- **NSK (via VIAF) ID:** 000054961.

## FAQs
**When did the International Accounting Standards Committee begin and end its operations?**
The committee was established in 1973 to standardize accounting practices globally. It ceased its operations and was formally dissolved on April 1, 2001, at which point its functions were transferred to a new body.

**What organization took over the responsibilities of the IASC?**
The International Accounting Standards Board (IASB) replaced the IASC as the primary body for setting international accounting standards. This transition marked the end of the IASC's direct involvement in standard-setting activities.

**In which languages can information about the IASC be found on Wikipedia?**
Detailed entries regarding the committee are available in eleven distinct languages: German, English, Spanish, Persian, French, Indonesian, Japanese, Dutch, Polish, Portuguese, and Russian.

**How is the IASC identified in major library and academic databases?**
The organization is cataloged with specific authority numbers across global institutions, including the Library of Congress (n81005173), the National Library of Brazil (001488379), and the National Library of Israel (987007436382305171). It also holds a unique ISNI of 0000000121596307 and a VIAF ID of 145909967.

**What alternative names are used to refer to this organization?**
Beyond its full English title, the entity is frequently referred to by the acronym "IASC." It is also known by its Spanish name, "Comite de Normas Internacionales de Contabilidad," in relevant linguistic contexts.

## Why It Matters
The International Accounting Standards Committee played a foundational role in the globalization of financial reporting by establishing the first comprehensive set of international accounting standards. Before its dissolution, it created a framework that allowed for greater comparability of financial statements across different national jurisdictions, reducing the complexity for multinational corporations and investors. Its legacy is critical because it laid the groundwork for the modern International Financial Reporting Standards (IFRS) regime managed by its successor, the IASB. Without the IASC's initial efforts to harmonize accounting practices through a treaty-based international organization, the current global financial ecosystem would lack a unified language for financial transparency.

## Notable For
- **Pioneering Global Standardization:** It was the first international organization specifically dedicated to developing a single set of high-quality, understandable, and enforceable global accounting standards.
- **Treaty-Based Structure:** Unlike many advisory bodies, it was established as an international organization by treaty between governments, granting it a unique legal and operational standing.
- **Successful Transition:** It successfully transferred its mandate and standards to the International Accounting Standards Board in 2001, ensuring continuity in global accounting regulation.
- **Extensive Global Recognition:** The entity is indexed in over 20 distinct national and international library authority files, including the Library of Congress, National Library of Spain, and National Library of Israel.
- **Multilingual Documentation:** It maintains a significant digital footprint with dedicated Wikipedia articles in 11 different languages, reflecting its global reach.
- **Longevity:** It operated for 28 years, from its inception in 1973 until its dissolution in 2001, shaping the accounting profession for nearly three decades.

## Body

### Organizational Identity and Classification
The International Accounting Standards Committee is formally classified as an international organization established by treaty between governments. This classification distinguishes it from private sector bodies or informal alliances, granting it a specific status in international relations. The entity is recognized in Wikidata and academic sources with the description "international organization." It holds a sitelink count of 92 related to its class definition and 11 direct sitelinks to its own pages across various language editions. The organization is identified by the Freebase ID /m/018xfx, which was referenced in a publication dated October 28, 2013.

### Historical Timeline and Succession
The history of the IASC is defined by two critical dates: its inception and its dissolution. The organization was founded in 1973, marking the beginning of its mission to harmonize accounting standards. It operated for nearly three decades before being dissolved, abolished, or demolished on April 1, 2001. This dissolution was not an end to its mission but a structural evolution; the IASC was replaced by the International Accounting Standards Board (IASB). This succession ensured that the standards developed by the IASC would continue to be maintained and expanded under a new governance structure.

### Global Library and Authority Identifiers
The IASC is extensively cataloged in national and international library systems, each assigning unique identifiers to ensure accurate retrieval of information.
- **International Standards:** It holds the ISNI 0000000121596307 and VIAF ID 145909967. These identifiers are cross-referenced with multiple sources, including the National Library of Brazil (001488379) and the National Library of Latvia (000189275).
- **North American Systems:** The Library of Congress Authority ID is n81005173, referenced as of March 6, 2019. In Canada, the National Library of Lithuania uses the ID LNB:Sn0;=BX.
- **European Systems:** The National Library of Spain assigns the ID XX103135. The National Library of Israel uses the J9U ID 987007436382305171. The Slovak National Library identifies it via VIAF as vtls011067966. The Czech Republic's National Library uses the ID vse2005279096 with the qualifier "International Accounting Standards Committee."
- **Asian and Other Systems:** The National Library of Australia uses ID 35761991. The NSK (Croatia) ID is 981005681089809366. The NACSI Cat Author ID is DA03882926. The Cinii Research ID is 1140563741772325120. The Yale Lux ID is group/8d15ac9e-e137-42e4-b322-0715dabac60c.
- **Specialized Catalogs:** The SBN Author ID is UANV000817, and the Share Catalogue Author ID is 117464. The NSK (via VIAF) ID is 000054961. The IDRREF ID is 03260307X.

### Linguistic Presence and Aliases
The entity is known by several aliases, including the acronym "IASC" and the Spanish name "Comite de Normas Internacionales de Contabilidad." Its presence on Wikipedia is robust, with articles available in German, English, Spanish, Persian, French, Indonesian, Japanese, Dutch, Polish, Portuguese, and Russian. This multilingual availability underscores its international scope and the diverse regions affected by its standards. The Encyclopædia Britannica Online also features an entry for the organization under the ID topic/International-Accounting-Standards-Committee, with the qualifier "International Accounting Standards Committee" used for disambiguation.

### Data Provenance and References
The data regarding the IASC is supported by numerous authoritative references. The ISNI and VIAF records are cited with references to Q54919, with retrieval dates of October 7, 2018, and August 9, 2015. The NSK ID references Q138818708. The Freebase ID references Q15241312. The NACSI Cat Author ID references Q54919 (retrieved August 20, 2022) and Q115920372 (retrieved March 13, 2023). The National Library of Brazil, Latvia, and Lithuania records all cite Q54919 with a retrieval date of August 20, 2022. The Library of Congress record cites Q54919 with a retrieval date of March 6, 2019. The National Library of Spain record cites Q54919 with a retrieval date of August 20, 2022. The National Library of Israel record cites Q106509962. The inception date of 1973 is referenced with the source Q48183. These references ensure the verifiability of every fact presented in this entry.

## References

1. Virtual International Authority File
2. CiNii Research
3. Freebase Data Dumps. 2013
4. National Library of Israel Names and Subjects Authority File