IASB and FASB agreement on convergence

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30 Oct 2002

The International Accounting Standards Board and the US Financial Accounting Standards Board have jointly issued a memorandum of understanding, marking a significant step toward formalising their commitment to the convergence of US and international accounting standards.

The IASB and the FASB presented the agreement to the chairs of leading national standard setters at a two-day meeting in London on 28-29 October. Click for:


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