On February 24, 2010, the Security Exchange Commission (“Commission”) issued a statement reaffirming its support of establishing a “single set of high-quality global accounting standards.”1 The ...

The Securities and Exchange Commission has published its first progress report on the work plan related to the move to global accounting standards. Processing Content The SEC directed agency staff ...

The ambitious road map to give the world a single accountancy standard - by converging U.S. generally accepted accounting principles with International Financial Reporting Standards by 2008 - may be ...

International trade and cross-border investing is becoming more complex with new emerging market economies and global investment opportunities. The Securities and Exchange Commission, Federal ...

Have There Been Benefits to the Convergence Process? Gven this background, the purpose of this discussion is twofold: to provide a review of the events surrounding the convergence movement over the ...

Nearly a decade after FASB and the International Accounting Standards Board (IASB) agreed to converge their standards in “The Norwalk Agreement,” the SEC staff floated a concept in May that would ...

Despite the aimed at blending International Financial Reporting Standards and U.S. GAAP, it's time for companies to start getting ready for a new financial reporting regime. At least, that's the ...

As part of the initiatives towards India’s convergence with IFRS from 2016-17, the Accounting Standards Board of the Institute of Chartered Accountants of India has recently issued exposure drafts on ...

YOU MIGHT have long suspected it, but now it’s official: the IASB and the US Financial Accounting Standards Board have failed to develop a common financial instruments accounting standard. We have no ...

The past six months have been eventful for India Inc as it prepares itself for convergence with International Financial Reporting Standards (IFRS). The beginning of 2010 saw the corporate affairs ...