What is the difference between iasb and fasb

Here at INAA, we are committed to being a part of the worldwide accountancy conversation. We aim to connect accounting firms who strive to deliver quality professional services around a shared vision to make global business personal and take personal business global.

Join today to start building powerful business relationships. November 13, Their responsibilities include: Developing and pursuing the IFRS's technical agenda, subject to consultation requirements with selected trustees and the public. Providing users with financial statements and information that is clear, useful, and relevant to their needs. Weighing up the expected benefits of that information against the costs of providing and using it.

So what is the relationship between the two? Below are some key initiatives included in the Norwalk Agreement: Joint Projects Between FASB and IASB These are projects that standard setters have agreed to conduct simultaneously in a coordinated manner, including sharing of staff resources and making every effort to keep joint projects on a similar time schedule at each Board. Golden - Thomas J.

Linsmeier - R. Harold Schroeder - Lawrence W. Smith - Image courtesy: betterworldbooks. Your email address will not be published. Instructions font-size: 13px! Leave a Reply Cancel reply Your email address will not be published. Coming up with a game plan for revenue recognition.

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