IASC: International Accounting Standards Committee – 1973 to March 2001 From 1973 until a comprehensive reorganisation that took effect on 1 April 2001, the structure for setting International Accounting Standards was known as the International Accounting Standards Committee (IASC). There was no actual "committee" of that name. The standard-setting board was known as the Board of the IASC, or the IASC Board. The Board of the IASC promulgated a substantial body of Standards, Interpretations, a Conceptual Framework, and other guidance that is adopted directly by many companies and that is looked to by many national accounting standard-setters in developing national accounting standards. The historical information about the IASC below is based on tables prepared for The International Accounting Standards Committee: A Political History, by Robert J. Kirsch, 465 pages, published in February 2007 by WoltersKluwer/CCH, ISBN: 978-1-84140-608-4. Product code: UP/KIRSCH-BI7001, order by email: customerservice@cch.co.uk. We are grateful to the author and publisher for permission to post this information. You will also find historical information about the IASC, including Exposure Drafts and final Standards and Interpretations issued year by year, on our Chronology Page. IASC and IASB Voting Requirements Dates Number of Board Members Number of Votes needed to Approve an IAS June 1973 - June 1978 9 7 July 1978 - December 1982 11 9 January 1983 - December 1983 12 9 January 1984 - December 1985 13 10 January 1986 - June 1995 14 11 July 1995 - December 1995 15 12 January 1996 - March 2001 16 12 April 2001 - June 2005 14 8 July 2005 — 14 9 Based on a table prepared for The International Accounting Standards Committee: A Political History, by Robert J Kirsch, published in February 2007 by WoltersKluwer/CCH. Dates and Locations of Meetings of the IASC Full Committee (1973 - 1977) and Board (1977 - 2000) Year Meeting Dates Location 1973: 29 June London 15 - 16 November London 1974: 14 - 15 January Paris 8 - 9 April London 15 - 17 July London 5 - 6 November London 1975: 15 - 16 January London 9 - 11 April Montreal 9 - 10 July London 8 - 10 October London 1976: 9 - 11 March London 6 - 8 July London 9 - 11 November Washington D.C. 1977: 1 - 3 March Amsterdam 29 - 30 June Edinburgh 18 - 20 October London 1978: 7 - 9 March London 14 - 16 June Perth (Australia) 7 - 9 November London 1979: 27 - 28 February, 1 March Mexico City 19 - 21 June London 23 - 25 October London 1980: 11 - 13 March London 24 - 27 June Berlin 4 - 6 November Dublin 1981: 24 - 27 March Tokyo 23 - 26 June London 14 -16 October London 1982: 24 - 26 March London 22 - 25 June Amsterdam 24 - 26 November London 1983: 23 - 25 March Edinburgh 14 - 16 June London 26 - 28 October Paris 1984: 14 - 16 March London 19 - 21 June Toronto 17 - 19 October Dusseldorf 1985: 6 - 8 March Rome 25 - 27 June New York 16 - 18 October London 1986: 5 - 7 March Dublin 17 - 19 June Amsterdam 5 - 7 November London 1987: 24 - 27 March Sydney 1 - 3 July Edinburgh 1988: 29 February, 2 - 4 March Dusseldorf 22 - 24 June Toronto 9 - 11 November Copenhagen 1989: 12 - 14 April Brussels 24 - 25 October New York 1990: 7 - 9 March Amsterdam 20 - 22 June Paris 7 - 9 November Singapore 1991: 27 - 28 February London 12 - 14 June Milan 5 - 8 November Seoul 1992: 4 - 6 March Madrid 16 - 18 June Amman 7 - 9 October Chicago 1993: 23 - 26 March Tokyo 30 June, 1 - 2 July London 2 - 5 November Oslo 1994: 13, 15 - 17 June Edinburgh 1 - 4 November Budapest 1995: 28 - 31 March Dusseldorf 8 - 10 May Amsterdam 1 - 4 November Sydney 1996: 27 - 30 March Brussels 11 - 14 June Stockholm 23 - 28 September Barcelona 1997: 6 - 9 January London 7 - 11 April Johannesburg 8 - 12 July Beijing 30 - 31 October, 1 - 4 November Paris 1998: 12 - 16 January London 20 - 26 April Kuala Lumpur 6 - 10 July Niagara-on-the-Lake 9 - 13 November Zurich 14 - 16 December Frankfurt 1999: 16 - 19 March Washington 28 - 30 June, 1 - 2 July Warsaw 15 - 19 November Venice 13 - 16 December Amsterdam 2000: 13 - 17 March Sao Paolo 19 - 23 June Copenhagen 16 - 20 October Tokyo 11 - 13 December London Based on a table prepared for The International Accounting Standards Committee: A Political History, by Robert J Kirsch, published in February 2007 by WoltersKluwer/CCH. Duration of IASC Board Meetings Per Year Year Days of Board Meetings in that Year 1973 3 1974 9 1975 10 1976 9 1977 8 1978 9 1979 9 1980 10 1981 11 1982 10 1983 9 1984 9 1985 9 1986 9 1987 7 1988 10 1989 5 1990 9 1991 9 1992 9 1993 11 1994 8 1995 11 1996 14 1997 20 1998 25 1999 18 2000 18 Based on a table prepared for The International Accounting Standards Committee: A Political History, by Robert J Kirsch, published in February 2007 by WoltersKluwer/CCH. IASC Expenditure Year Expenditures 1974 £76,000 1979 £153,000 1984 £272,000 1989 £398,000 1994 £998,000 1999 £2,068,000 Based on a table prepared for The International Accounting Standards Committee: A Political History, by Robert J Kirsch, published in February 2007 by WoltersKluwer/CCH. IASC Revenue by Source as Per Cent of Total Year Members' fees Donations Publications Other 1974 88% 11% – 1% 1979 86 9 – 5 1984 94 – – 6 1989 91 1 3% 5 1994 54 27 18 1 1996 32 43 16 9 1997 33 34 27 6 1998 29 31 34 6 1999 29 25 39 6 2000 36 6 50 7 Based on a table prepared for The International Accounting Standards Committee: A Political History, by Robert J Kirsch, published in February 2007 by WoltersKluwer/CCH. Chairmen of the IASC IASC Chairman Dates Home Country Sir Henry Benson 1973 - 1976 United Kingdom Joseph P. Cummings 1976 - 1978 United States John A. Hepworth 1978 - 1980 Australia J. A. (Hans) Burggraaff 1980 - 1982 Netherlands Stephen Elliott 1982 - 85 Canada John L. Kirkpatrick 1985 - 1987 United Kingdom Georges Bartes de Ruyter 1987 - 1990 France Arthur Wyatt 1990 - 1993 United States Eiichi Shiratori 1993 - 1995 Japan Michael Sharpe 1995 - 1997 Australia Stig Enevoldsen 1997 - 2000 Denmark Thomas E Jones 2000 - 2001 United Kingdom Based on a table prepared for The International Accounting Standards Committee: A Political History, by Robert J Kirsch, published in February 2007 by WoltersKluwer/CCH. IASC Secretaries (to 1983) and Secretaries-General (from 1984) IASC Secretary Dates Paul Rosenfield 1973 - 1975 W J Brennan 1975 - 1977 R C Nash 1977 - 1979 Allan V C Cook 1979 - 1981 Geoffrey B Mitchell 1981 - 1985 David H Cairns 1985 - 1994 Sir Bryan Carsberg 1995 - 2001 Based on a table prepared for The International Accounting Standards Committee: A Political History, by Robert J Kirsch, published in February 2007 by WoltersKluwer/CCH. Location and Size of IASC-IASB Offices Address Period Size (square feet)1 3 St. Helens Place 1973 - 1978 550 49 - 51 Bedford Row 2 1978 - 1983 5003 41 Kingsway 1983 - 1992 1,200 167 Fleet Street 1992 - 1997 2,600 166 Fleet Street 1997 - 2000 4,600 30 Cannon Street 2001 - 11,000 Notes: 1 10.76 square feet = 1 square metre 2 With an entrance also at 52 - 54 High Holborn 3 As estimated by Allan Cook, then IASC Secretary Based on a table prepared for The International Accounting Standards Committee: A Political History, by Robert J Kirsch, published in February 2007 by WoltersKluwer/CCH.