Sacho, Z.Y.Oberholster, J.G.I. (Johan Gerhardus Ignatius), 1962-2008-07-222008-07-222008Sacho, ZY & Oberholster, JGI 2008, 'Factors impacting on the future of the IASB', Meditari : Accountancy Research, vol. 16, no. 1, pp. 117-137. [http://www.meditari.org.za]1022-2529http://hdl.handle.net/2263/6285This paper investigates the factors influencing the future of the IASB, using as the point of departure, a review of its historical progression towards becoming the global accounting standard-setting authority. It concludes that the IASB is an organisation vulnerable to (1) political lobbying of influential institutions, (2) US accounting authorities decision makers, (3) potential accounting scandals, and (4) cultural differences resulting in the misapplication of its standards around the world. Such factors should be borne in mind when charting the next steps for the IASB and in evaluating the comparability and quality of accounts produced under IFRSs around the world.155805 bytesapplication/pdfenSchool of Accounting Sciences, UPFinancial Accounting Standards Board (FASB)International Accounting Standards Board (IASB)International harmonisationForm 20-F reconciliationPrinciples-based accounting modelRules-based accounting modelInternational Financial Reporting Standards (IFRS)International Accounting Standards Committee (IASC)Securities and Exchange Commission (SEC)Accounting -- StandardsArticle