Convergence Project
Submitted by evelasco3 on March 27, 2011
- Category: Business
- Words: 1140
- Pages: 5
- Views: 185
- Popularity Rank: 3058
Convergence Project
Convergence Project
Recently FASB (Financial Accounting Standard Board) announced an agreement between FASB and the IASB (International Accounting Standards Board), in this agreement they will work together with the purpose converging Global Accounting Standards. The agreement is referred to as the “Norwalk Agreement†which has formalized their agreement. The main goal of this agreement is to develop high-quality accounting standards, consistent accounting standards that could be used internationally. The Boards have agreed to ensure that the necessary resources are available to complete this difficult task. Coordination and...
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