MEMBER MARY BARTH NAMED TO NEW IASB.CalCPA member Mary Barth, a professor of accounting at the Stanford Graduate School of Business, has been appointed to the International Accounting Standards Committee's new International Accounting Standards Board. The new 14-member IASB IASB - Illinois Association of School Boards IASB - Indiana Association for School Broadcasters IASB - Internal Auditing Standards Board IASB - International Accounting Standards Board IASB - International Association of Speakers Bureaus (formerly International Group of Agencies and Bureaus) has been charged with the responsibility of working toward a single set of high-quality global accounting standards. Barth, the only American academic on the IASB, has conducted research on a wide variety of financial reporting issues, particularly those relating to global capital markets and including how greater harmonization of accounting standards would affect the global economy and lower the cost of capital Cost of Capital The required return necessary to make a capital budgeting project worthwhile, such as building a new factory. Cost of capital would include the cost of debt and the cost of equity.Notes: The cost of capital determines how a company can raise money (through a stock issue, borrowing, or a mix of the two). This is the rate of return that a firm would receive if they invested their money someplace else with similar risk..
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