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International convergence is one of FEI's top issues for 2004

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08 Jan 2004

The CEO of Financial Executives International (FEI) includes international convergence in her List of the top financial reporting issues for 2004. FEI comprises 15,000 senior-level corporate financial executives, primarily in the United States (75 chapters) and Canada (11 chapters).

Her advice to FEI members:

International Convergence. Monitor what's going on at the International Accounting Standards Board (IASB). Whatever projects are on the IASB agenda are likely to be on FASB's agenda in the near term (including pension accounting, insurance accounting, lease accounting). In mid-December, FASB issued several Exposure Drafts identifying short-term convergence issues.

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