Visit both the FASB (www.fasb.org) and IFRS (www.ifrs.org) websites and review the current years plans of both

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Visit both the FASB (www.fasb.org) and IFRS (www.ifrs.org) websites and review the current year’s plans of both organizations with regard to standards-setting and updates to current standards.

Write a summary on the most important issues both organizations are addressing or plan to address in the near future.

Related Book For answer-question

Essentials of Accounting for Governmental and Not-for-Profit Organizations

ISBN: 978-0073527055

10th Edition

Authors: Paul A. Copley

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Posted Date: Aug 02, 2018 01:42 AM

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Visit both the FASB (www.fasb.org) and IFRS (www.ifrs.org) websites and review the current years plans of both

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Expert Answer:

Important Issues FASB and IFRS are Addressing Introduction FASB is an acronym of Financial Accounting Standard Board and IFRS is an acronym of International Financial Reporting Standard These two bodi... View the full answer

Essentials of Accounting for Governmental and Not-for-Profit Organizations

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