Principles based: Difference between revisions
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A principles based approach to regulation and standard setting places a relatively greater emphasis on identifying and publishing overarching principles. | A principles based approach to regulation and standard setting places a relatively greater emphasis on identifying and publishing overarching principles. | ||
Contrasted with a rules based approach, characterised by greater emphasis on establishing individual detailed rules, usually resulting a larger number of individual rules. | Contrasted with a rules based approach, characterised by greater emphasis on establishing individual detailed rules, usually resulting in a larger number of individual rules. | ||
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*[[Federal Accounting Standards Advisory Board]] | *[[Federal Accounting Standards Advisory Board]] | ||
*[[Financial Accounting Standards Board]] | *[[Financial Accounting Standards Board]] | ||
*[[ | *[[Financial Markets Standards Board]] | ||
*[[Framework]] | *[[Framework]] | ||
*[[Global Sustainability Standards Board]] | *[[Global Sustainability Standards Board]] | ||
Latest revision as of 21:35, 13 July 2024
Regulation - standard setting.
A principles based approach to regulation and standard setting places a relatively greater emphasis on identifying and publishing overarching principles.
Contrasted with a rules based approach, characterised by greater emphasis on establishing individual detailed rules, usually resulting in a larger number of individual rules.
See also
- Accounting standards
- Actuarial standards
- Auditing standards
- Best practice
- Board for Actuarial Standards
- British Standards Institution (BSI)
- Climate Bonds Standard
- Climate Disclosure Standards Board
- Code
- Enforcement
- Ethics
- European Sustainability Reporting Standards
- FAST Modelling Standard
- Federal Accounting Standards Advisory Board
- Financial Accounting Standards Board
- Financial Markets Standards Board
- Framework
- Global Sustainability Standards Board
- Gold standard
- Good practice
- Governance
- GRI Standards
- Guidance
- IFC ESG Standards
- IFC Performance Standards
- International Financial Reporting Standards (IFRS)
- International Standards on Assurance Engagements
- International Sustainability Standards Board (ISSB)
- Law
- Legislation
- Principle
- Red tape
- Regime
- Regulation
- Regulatory standard
- Regulatory Technical Standard (RTS)
- Rules
- Rules based
- Standard
- Standard Setting Body
- Standards
- Supervision
- Sustainability Accounting Standards
- US GAAP
