What's the FASB doing about international accounting standards? (Financial Accounting Standards Board)

Financial Executive, May, 1990 by Beresford, Dennis R.

Many financial executives who have seen financial markets become more global as a result of financial networks increasingly are asking for the creation of international accounting standards. One factor which is slowing the adoption of international accounting standards is determining how to develop standards which ease cross-border capital movement without sacrificing the legitimate interests of domestic companies. The Financial Accounting Standards Board (FASB) believe that agreements on standards will be hard to achieve because different countries address standard-setting from conceptual foundations which are dissimilar. The FASB is considering becoming more involved in setting international standards, but first it must determine how to balance international standards with the...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.