Accounting standard setters modify convergence strategy

06/3/2010 | Reuters

The heads of the Financial Accounting Standards Board and the International Accounting Standards Board sent a letter to the Group of 20 saying they are changing their plan for converging accounting rules. The boards had set June 30, 2011, as the target date for aligning many of their rules, but they said some projects will take until the second half of next year.

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