FASB eligibility for advisory panel enhanced by rule change

02/6/2013 | JournalofAccountancy.com

The Financial Accounting Standards Board has the chance to participate in a global forum on accounting standards thanks to a rule shift by the IFRS Foundation. The foundation is assembling an international panel of experts to advise the International Accounting Standards Board. The foundation dropped an earlier prerequisite that all participants support the adoption of International Financial Reporting Standards, which opened the door for FASB participation.

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