In the country where IP has become a recognized asset class, what is the equivalent of the U.S. commission that appoints the members of the public company accounting oversight board?
Financial Services Authority
Title: Indian Accounting Standards
Passage: Indian Accounting Standard (abbreviated as Ind - AS) is the Accounting standard adopted by companies in India and issued under the supervision and control of Accounting Standards Board (ASB), which was constituted as a body in the year 1977. ASB is a committee under Institute of Chartered Accountants of India (ICAI) which consists of representatives from government department, academicians, other professional bodies viz. ICAI, representatives from ASSOCHAM, CII, FICCI, etc.
Title: Securities commission
Passage: There is no common name for securities commission or financial regulatory agency in each country. Naming has become more complicated as some governments have consolidated or merged organisations and given them a wider remit. They sometimes contain the term securities and commission. Such as the Securities and Exchange Commission of the US or Securities and Futures Commission (Hong Kong). A number also have names based on Financial Authority, such as the Financial Services Authority of the UK or Financial Supervisory Authority (Sweden) or variations such as the Financial Services Agency (Japan).
Title: Central Board of Film Certification
Passage: The Board consists of 25 other non-official members and a Chairperson (all of whom are appointed by Central Government). Prasoon Joshi currently presides the board, being appointed as the 28th Chairperson of the Board on 11 August 2017, after the ouster of Pahlaj Nihalani, who was preceded by Leela Samson who had resigned after the CBFC's rejection of a certificate for the film MSG: Messenger of God was overturned by an appellate tribunal. Earlier, Leela Samson had succeeded Sharmila Tagore, who was the longest continuous running Chairperson in the history. Nihalani was the 27th Chairperson after the Board's establishment. His appointment was highly controversial given his propensity for censoring films instead of merely certifying them.
Title: Sitoh Yih Pin
Passage: Sitoh Yih Pin (, born 2 December 1963) is a Singaporean politician from the Singapore People's Action Party. He is the Member of Parliament (MP) for the Potong Pasir Single Member Constituency (Potong Pasir SMC). Sitoh is currently the Chairman of Nexia TS Public Accounting Corporation, an accounting firm in Singapore.
Title: Intellectual property
Passage: In 2013 the United States Patent & Trademark Office approximated that the worth of intellectual property to the U.S. economy is more than US$5 trillion and creates employment for an estimated 18 million American people. The value of intellectual property is considered similarly high in other developed nations, such as those in the European Union. In the UK, IP has become a recognised asset class for use in pension-led funding and other types of business finance. However, in 2013, the UK Intellectual Property Office stated: "There are millions of intangible business assets whose value is either not being leveraged at all, or only being leveraged inadvertently".
Title: Public Company Accounting Oversight Board
Passage: The PCAOB has five Board members, including a Chairman, each of whom is appointed by the SEC, after consultation with the Chairman of the Board of Governors of the Federal Reserve System and the Secretary of the Treasury. Two Board members must be Certified Public Accountants. If the PCAOB Chairman is one of them, he or she may not have been a practicing CPA for at least five years prior to being appointed to the board. Each member serves full - time, for staggered five - year terms. The Board's budget, approved by the SEC each year, is funded by fees paid by the companies and broker - dealers who rely on the audit firms overseen by the Board. The organization has a staff of about 800 and offices in 11 states in addition to its headquarters in Washington.
Title: Financial Accounting Standards Board
Passage: The Financial Accounting Standards Board (FASB) is a private, non-profit organization standard setting body whose primary purpose is to establish and improve generally accepted accounting principles (GAAP) within the United States in the public's interest. The Securities and Exchange Commission (SEC) designated the FASB as the organization responsible for setting accounting standards for public companies in the U.S. The FASB replaced the American Institute of Certified Public Accountants' (AICPA) Accounting Principles Board (APB) on July 1, 1973.
Intellectual property Public Company Accounting Oversight Board Securities commission