Together, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) establish and enforce a majority of Read more
Tag: Convergence
Advantages and Disadvantages of U.S. Convergence Between GAAP and IFRS
For over the past decade, there has been a growing demand in the corporate world for U.S. Generally Accepted Accounting Read more
International Convergence of Accounting Standards
The concept of convergence first surfaced in the late 1950s in response to World War II economic integration showing that Read more