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the story unfolding, page-51

  1. 539 Posts.
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    Lol coopec, thats the whole point of the convergence project, for both IFRS and FASB to converge to have the same standards so that there is transparency comparing financial statements globally. Of course the exposure draft would have near identical standards.

    You do understand that an ED is just a document of PROPOSED changes which goes out for public comment before it adoption and implementation. So in summary, yes there is an ED out which will converge IFRS and FASB standards but it has not yet been approved or adopted and doesn't look like happening anytime soon.

    And it's not point scoring, its correcting factual errors in your posts.
 
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