Question
Which of the following is not a likely step to furthering convergence of FASB and IFRS? Multiple Choice FASB adopts an existing IASB Standard. IASB
Which of the following is not a likely step to furthering convergence of FASB and IFRS?
Multiple Choice
FASB adopts an existing IASB Standard.
IASB adopts an existing FASB standard.
FASB and IASB issued an identical standard.
FASB working with IASB to develop a new standard.
Realizing that identical standards, rather than similar standards, is not realistic.
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
