cpanet
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| Posted: 05 Nov 2009 at 16:12 | IP Logged
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"Today, as a further affirmation of that commitment, the IASB and FASB
issued a joint statement describing their plans and milestone targets
for completing the major MoU projects in 2011. The statement,which is
available by clicking here[PDF] also describes the values and
principles underpinning the Boards’collaboration and significant
successes achieved thus far. In affirming their commitment to
developing a common set of highquality standards, the Boards took note
of the support of the leadersof the Group of 20 nations, the Financial
Crisis Advisory Group of the FASB and IASB, and the Monitoring Board of
the International Accounting Standards Committee (IASC) Foundation for
the joint convergence efforts underway..."
read entire article
Source: IASB - International Accounting Standards Board
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Topic: IASB and FASB Reaffirm Commitment
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