EFRAG views on IASB-FASB convergence activities
01 Nov 2006
In our Meeting Notes for the 17 October 2006 Board Meeting we summarised the discussions between the IASB and representatives of the European Financial Reporting Advisory Group (EFRAG) concerning IASB-FASB convergence activities.
EFRAG informed the IASB of their general support of the convergence activities between the IASB and the FASB, however the EFRAG delegation raised a number of concerns on specific projects as well as the process in general. The main European views presented on the different topics can be summarized as follows:
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