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The Financial Accounting Standards Board (FASB) is working with the IASB to converge their respective accounting standards into a robust set of rules that will meet the needs of preparers and users worldwide.
Editor's note: Following the interview with Sir David Tweedie in early February, on February 27, the IASB and FASB released a joint press release stating that they had published a Memorandum of Understanding (MOU) "that reaffirms the boards' shared objective of developing high-quality common accounting standards for use in the world's capital markets.
One way to get a single set of international accounting standards would be by fiat with governments and securities regulators mandating that either U.
The Financial Accounting Standards Board is considering possible changes to the proposed Fair Value Measurements Standard.
The IASB and the Financial Accounting Standards Board in the United States announced the "Norwalk Agreement" in October 2002, in which they declared a shared goal to achieve harmonization of standards.
The Toronto Valuation Accord group also continues to urge FASB to work more closely with The Appraisal Foundation, and in Canada for the Canadian Accounting Standards Board to work more closely with the Appraisal Institute of Canada, as well as continue to build their interaction with the International Accounting Standards Board and IVSC, to harmonize terminology and concepts applied in the multi-disciplinary requirements of professionals who will be crucial to implementing new standards.
In developing high-quality accounting standards, standard setters may opt for either FASB or IASB guidance.
Part of such a taming effort will likely be the joint CF project of the FASB and the International Accounting Standards Board (IASB).
Two years ago, the International Accounting Standards Board was a mere benchwarmer in the standards-setting game.
Williams to a second five-year term as a member of the Governmental Accounting Standards Board (GASB).
For the fourth consecutive year, the Financial Accounting Standards Advisory Council (FASAC) of the Financial Accounting Standards Board (FASB) was queried about top priorities for the coming year.

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