The website of the FASB (as at early 2009) states that

The website of the FASB (as at early 2009) states that FASB intends: To promulgate standards only when the expected benefits exceed the perceived costs. While reliable quantitative cost-benefit calculations are seldom possible the Board strives to determine that a proposed standard will meet a significant need and that the costs it imposes compared with possible alternatives; are justified in relation to the overall benefits.Do u think that cost benefit considerations will be different in different countries? If so how would cost-benefit considerations be determined by a global accounting standard setter as the IASB?Evaluate the argument for and against? Which argument do you consider more compelling ? Write in 1000 words on accounting based.
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