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June 20, 2006

IASB Chairman Calls For Accounting Standards Convergence by 2011

June 20, 2006 - Sir David Tweedie, chairman of the International Accounting Standards Board (IASB), sees small differences in worldwide accounting standards within five years. CFO.com reports that Robert Herz, the Financial Accounting Standards Board (FASB) chairman, predicts that within three to five years, U.S. and international accounting standards will be virtually interchangeable.

Read the rest at Accountingweb.com

Posted by Becky at June 20, 2006 1:05 PM Posted to Accounting | International