Answered: can you describe any one convergence…

can you describe any one convergence project of FASB and IAS that has been completed in the recent past and how this is an important improvement of accounting standards.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA1: International Financial Reporting Standards

Section: Chapter Questions

Problem 4MCQ

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can you describe any one convergence project of FASB and IAS that has been completed in the recent past and how this is an important improvement of accounting standards.

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