Hoogervorst: Delay is costlier for U.S. than switch to IFRS

The U.S. Financial Accounting Standards Board and the International Accounting Standards Board will look for ways to continue working together after convergence projects end. Comparable financial-reporting standards would save investors huge costs, which "are probably a lot bigger than the one-time conversion cost that an economy has to make when it converts" to International Financial Reporting Standards, IASB Chairman Hans Hoogervorst says.

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Reuters · JournalofAccountancy.com · Wall Street Journal/CFO Journal, The