Accounting Standards Review Board (ASRB) is a body set up to review and approve financial reporting standards in New Zealand. It was formed by the Financial Reporting Act of 1993
ASRB can have between four to seven members. The Governor General of New Zealand on the recommendation of the Minister of Commerce appoints the members by virtue of their knowledge and experience in law, finance, business, economics and accounting.
Famous quotes containing the words accounting, standards, review and/or board:
“I, who am king of the matter I treat, and who owe an accounting for it to no one, do not for all that believe myself in all I write. I often hazard sallies of my mind which I mistrust.”
—Michel de Montaigne (1533–1592)
“In full view of his television audience, he preached a new religion—or a new form of Christianity—based on faith in financial miracles and in a Heaven here on earth with a water slide and luxury hotels. It was a religion of celebrity and showmanship and fun, which made a mockery of all puritanical standards and all canons of good taste. Its standard was excess, and its doctrines were tolerance and freedom from accountability.”
—New Yorker (April 23, 1990)
“I review novels to make money, because it is easier for a sluggard to write an article a fortnight than a book a year, because the writer is soothed by the opiate of action, the crank by posing as a good journalist, and having an airhole. I dislike it. I do it and I am always resolving to give it up.”
—Cyril Connolly (1903–1974)
“This morning I threw up at a board meeting. I was sure the cat was out of the bag, but no one seemed to think anything about it; apparently it’s quite common for people to throw up at board meetings.”
—Jane Wagner (b. 1935)