process of which the publication of consultative documents, such as discussion papers and exposure drafts for public comment is an important component. The IASB engages closely with stakeholders around the world, including investors, analysts, regulators, business leaders, accounting standard-setters, and the accountancy profession. The SEC has not yet reached a decision as to how, or even whether, the U.S. will IFRS. Currently, the FASB is working to converge many of its standards with those of the IASB. For example, the FASB recently issued guidance on fair value measurement that is identical” to guidance issued by the IASB. The FASB is currently “largely working on converging its standards regarding revenue recognition, financial instruments, and lease accounting to be more in line with IFRS.
process of which the publication of consultative documents, such as discussion papers and exposure drafts for public comment is an important component. The IASB engages closely with stakeholders around the world, including investors, analysts, regulators, business leaders, accounting standard-setters, and the accountancy profession. The SEC has not yet reached a decision as to how, or even whether, the U.S. will IFRS. Currently, the FASB is working to converge many of its standards with those of the IASB. For example, the FASB recently issued guidance on fair value measurement that is “largely identical” to guidance issued by the IASB. The FASB is currently working on converging its standards regarding revenue recognition, financial instruments, and lease accounting to be more in line with IFRS.
Solution-Manual-Auditing-and-Assurance-Services-9th-Edition-Messier.docx