G-20 calls for single set of global accounting standards by June 2011:

09/28/2009 | Journal of Accountancy online

The G-20 on Friday called on international accounting bodies "to redouble their efforts to achieve a single set of high-quality, global accounting standards within the context of their independent standard-setting process and complete their convergence project by June 2011." The joint statement also said the International Accounting Standards Board's institutional framework should further enhance the involvement of various stakeholders.

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