March 2010

IASB: Single Set of Accounting Rules on Track

From Reuters.com.

The world's top accounting bodies are still on track to thrash out a common set of rules by the middle of next year, the International Accounting Standards Board said on Tuesday.

The G20 group of countries set the ambitious deadline last year to make it simpler for cross-border companies and investors but differences over how to value some complex assets have raised concerns about the timetable.

Last month the U.S. Securities and Exchange Commission said it would commit to a new work plan that would delay any move to international standards until at least 2015.

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