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Why the project will to take a long time to complete

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Reference no: EM13340347

Question :

'The FASB and IASB are engaged in a joint project, over a long time-frame, to converge and improve their respective conceptual frameworks for financial accounting'.

Discuss the reasons why the FASB and the IASB are seeking to converge and improve their respective conceptual frameworks and why the project will to take a long time to complete.

 

Reference no: EM13340347

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