Question: In recent months, virtually every topic that has come to the attention of the standard-setters has been undertaken as a joint effort of the FASB

In recent months, virtually every topic that has come to the attention of the standard-setters has been undertaken as a joint effort of the FASB and the IASB rather than as an individual effort by one of the two boards. List and discuss some of the joint projects that fall into this category.

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