IASB and FASB reach out to public on "investment company" rules

02/27/2012 | JournalofAccountancy.com

The Financial Accounting Standards Board and the International Accounting Standards Board are holding a series of four public meetings to discuss proposed rules for investment companies. The changes, which would expand the definition of "investment company," are aimed at making entities more comparable under U.S. generally accepted accounting principles and international standards. The first meeting was held in Toronto last month.

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