Accounting News

Friday, April 15, 2011
FASB and IASB Postpone Convergence

Leslie Seidman of FASB and David Tweedie of IASB have announced a delay to their planed June convergence. The expected the delay would be a few months to finish their work on revenue recognition, leasing and financial instruments. The timetable still meets the deadline of the end of 2011. You can hear more details on their podcast.

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