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Visit both the FASB (www.fasb.org) and IFRS (www.ifrs.org) websites and review the current years plans of both organizations with regard to standards-setting and updates to

Visit both the FASB (www.fasb.org) and IFRS (www.ifrs.org) websites and review the current year’s plans of both organizations with regard to standards-setting and updates to current standards.

Write a summary on the most important issues both organizations are addressing or plan to address in the near future.

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Important Issues FASB and IFRS are Addressing Introduction FASB is an acronym of Financial Accounting Standard Board and IFRS is an acronym of International Financial Reporting Standard These two bodi... blur-text-image

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