En 1997, el IASC determino que debia modificar su estructura, asumiendo en el 2001 el International Accounting Standards Board (IASB, s.f.) en reemplazo del organismo anterior que a partir de julio de 2012 esta conformado por dieciseis miembros.
Un instrumento financiero, segun la NIC 32 emitida por el IASB (2010, p.3), se define como "...
Un ejemplo contenido en la NIC 32 del IASB (2010, p.
Members of the IASB. Recuperado de http://www.ifrs.org/The-organisation/Members-of-the-IASB/Pages/Members-of-the-IASB.
Approximately 90 of the 120 nations have fully conformed with IFRS as promulgated by the International Accounting Standards Board (IASB) and include a statement acknowledging such conformity in their audit reports (AICPA, 2010).
According to former IASB chairman, Sir David Tweedie, "As the world's capital markets integrate, the logic of a single set of accounting standards is evident.
Much of this hesitation may stem from the fact that the IASB faces political pressures as it creates new standards.