What does SIC mean in ACCOUNTING
The Standing Interpretations Committee (SIC) is a body of the International Accounting Standards Board (IASB), responsible for developing and issuing guidance concerning individual accounting standards. The SIC has been in operation since 2001 and plays an important role in ensuring the effective implementation of IFRS standards.
SIC meaning in Accounting in Business
SIC mostly used in an acronym Accounting in Category Business that means Standing Interpretations Committee
Shorthand: SIC,
Full Form: Standing Interpretations Committee
For more information of "Standing Interpretations Committee", see the section below.
» Business » Accounting
Essential Questions and Answers on Standing Interpretations Committee in "BUSINESS»ACCOUNTING"
What is the Standing Interpretations Committee?
The Standing Interpretations Committee (SIC) is a body of the International Accounting Standards Board (IASB), responsible for developing and issuing guidance concerning individual accounting standards.
When did the SIC begin operating?
The SIC has been in operation since 2001.
What are the responsibilities of the SIC?
The primary responsibility of the SIC is to develop and issue guidance concerning individual accounting standards.
Does the SIC have any other roles?
In addition to providing guidance on specific accounting standards, the SIC also plays an important role in ensuring the effective implementation of IFRS standards.
Who does the SIC report to?
The SIC reports to the International Accounting Standards Board (IASB).
Final Words:
The Standing Interpretations Committee works closely with other IASB bodies to help ensure that IFRS standards are effectively implemented and properly understood by stakeholders all over the world.
SIC also stands for: |
|
| All stands for SIC |