Archives - FASB - Financial Accounting Standards Board

  • 20 April 2012 Joint Update Note from the IASB and FASB on Accounting Convergence

    1. In 2006 the IASB and the FASB (the boards) agreed on a Memorandum of Understanding (MoU) that identified the short-term and longer-term convergence projects that would bring the most significant improvements to IFRSs and US GAAP. The MoU was updated in 2008. 2. The boards are close to completing the MoU programme: Most of […]
    Content Type(s): Publications Source(s): FASB, IASB Policy Area(s): AAQ