The FASB and IASB are working jointly to develop a revised, coordinated set of financial reporting objectives.

Name: The FASB and IASB are working jointly to develop a revised, coordinated set of financial reporting objectives.
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

This statement is true. The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) are currently working together on a project to develop a converged framework for financial reporting objectives.

The FASB and IASB Are Working Jointly to Develop a Revised