EU and US agree to promote international accounting convergence

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30 Jun 2004

Following discussions on 25-26 June 2004, the participants in the US-EU Financial Markets Regulatory Dialogue have agreed to "promote international convergence of accounting standards, including their consistent application, implementation, and enforcement".

Dialogue participants are the European Commission and the United States Treasury, Securities Exchange Commission, and Federal Reserve Board. Click for (PDF 19k).

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