Definition of 'Accountant International Study Group - AISG'
An organization that studied the differences in accounting practices between various countries. The Accountant International Study Group was formed in 1966 by professionals from Canada, the United Kingdom and the United States. By 1973, the group expanded its membership to include international accounting standards. The group then folded into the International Accounting Standards Committee (IASC) in 1973, which was reorganized under the International Federation of Accountants and eventually became the International Accounting Standards Board (IASB).
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