Convergence's End Will Bring Opportunities

Herz, Robert
September 2013
Compliance Week;Sep2013, Vol. 10 Issue 116, p1
The article presents the author's views about the end of the convergence program between the U.S. Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB). It says that the initiative led to converged standards on several topics including fair-value measurements, employee stock compensation, and accounting for business combinations. It notes the challenges and opportunities of the program's completion to the country's financial reporting system.


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