Fasb and iasb current convergence


Problem: Explain the relationship between the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB).

References to be used:

1. https://www.journalofaccountancy.com/news/20125579.htm

2. https://www.accountingtoday.com/news/FASB-Revises-Proposed-Changes-Financial-Instruments-Accounting-Standards-65700-1.html

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Accounting Basics: Fasb and iasb current convergence
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