FASB, IASB will work more intensely to reach common set of standards

10/30/2009 | JournalofAccountancy.com

The leaders of the Financial Accounting Standards Board and the International Accounting Standards Board announced at an IFRS conference Thursday that they will begin meeting monthly to try to speed up their efforts to develop a common set of accounting standards by their target date of 2011. Read the complete story and watch an exclusive video interview with conference speaker Paul Volcker, chairman of the President's Economic Recovery Advisory Board, on the effect of adopting IFRS on global capital markets.

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