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What are your thoughts about the future of accounting standardsand regulation in general?What are...

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Accounting

What are your thoughts about the future of accounting standardsand regulation in general?

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since 2002the financial accounting standards board and international accountings standards board have been working on converging us generally accepted accounting principles and intrnational financial reporting standardsthey have been successful and failures along the way but now the convergence effort appears to have run it coursegoing forwardusstandard setters propose an informalcollaborative model that will minimize difference in financial reprtinghere is an overview of global accounting standardspast present and future In 2002FASB and the IASB agreed to quickly develop a single set of    See Answer
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In: AccountingWhat are your thoughts about the future of accounting standardsand regulation in general?What are your thoughts about the future of accounting standardsand regulation in general?

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