Accounting convergence in sight

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GLOBAL - The convergence project between the International Accounting Standards Board (IASB) and the US' Financial Accounting Standards Board (FASB) is on track for completion in 2011, both bodies have said.

Of the eleven elements of convergence on the IASB / FASB roadmap, seven have been completed, reached similar conclusions or are in the process of having common standards agreed upon, while in the o...

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