ICAEW report calls for end to formal IFRS convergence work with the US
12 December 2012
Ralph Cunningham - ITR
Attempts to converge International Financial Reporting Standards (IFRS) with US accounting rules should end, with the International Accounting Standards Board (IASB) concentrating instead on better IFRS implementation around the world and encouraging those countries that do not allow their use yet, such as China, to do so.
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