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[print version]
FASB and IASB Issue a Progress Report on Convergence Strategy
The Financial Accounting Standards Board and International Accounting Standards Board issued a joint progress report that details their modified strategy to converge U.S. generally accepted accounting principles and International Financial Reporting Standards by prioritizing certain joint projects and extending the targeted completion dates for some projects beyond June 2011 into the second half of the year.
Read the summary of the report in KPMG's edition of Defining Issues.
[print version]
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