Basis for developing future standards

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Reference no: EM131253650

In the U.S., the IASB and IFRS have been working together on existing frameworks to provide a basis for developing future standards.

Describe the phases that they have been working on.

Access the IFRS Website or some other authoritative source to get information. Briefly describe the progress that the IASB and IFRS have made on the various phases to date.

Reference no: EM131253650

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