Global accounting rules deadline under threat

Accounting standard setters have said they could fail to meet a timetable for the creation of a single global set of accounting rules because they are so far unable to agree on how to value financial instruments.

ESO: Background information: Push for accounting convergence threatened by EU reform drive http://www.europeansources.info/record/push-for-accounting-convergence-threatened-by-eu-reform-drive/

IASB: Press Release, 14.4.10: IASB and FASB quarterly report shows continued progress towards convergence goal http://www.iasb.org/News/Press+Releases/IASB+FASB+quarterly+report.htm

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