FASB, IASB To Complete Major Convergence Projects By 2011

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By Edith Orenstein, FEI Financial Reporting Blog -
Major FASB-IASB convergence projects will be completed by 2011, according to an update of their Memorandum of Understanding issued on Sept. 11, 2008. In related news, PCAOB Board member Charles Niemeier shared his views on IFRS at a New York State Society of CPAs conference on Sept. 10, as reported by cfo.com. Read more on this topic here.

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