Too soon to wave white flag on IFRS in U.S., Quigley says

12/11/2012 | JournalofAccountancy.com

As another year appears to pass without U.S. commitment to International Financial Reporting Standards, an IFRS Foundation trustee and a U.K. accounting body say the International Accounting Standards Board needs to wrap up convergence projects with the U.S. However, the trustee, James Quigley, says the end of convergence should not mean the end of cooperation with the Financial Accounting Standards Board.

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