Which of the following is not a likely step to furthering convergence of FASB and IFRS? Multiple
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Question:
Which of the following is not a likely step to furthering convergence of FASB and IFRS?
Multiple Choice
FASB adopts an existing IASB Standard.
IASB adopts an existing FASB standard.
FASB and IASB issued an identical standard.
FASB working with IASB to develop a new standard.
Realizing that identical standards, rather than similar standards, is not realistic.
Related Book For
Advanced Accounting
ISBN: 978-0077431808
10th edition
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
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