Heads of FASB, IASB say current convergence process isn't optimal

12/6/2011 | JournalofAccountancy.com

Financial Accounting Standards Board Chairman Leslie Seidman and International Accounting Standards Board Chairman Hans Hoogervorst agreed Tuesday that their current convergence process needs to come to an end. Seidman called the current process challenging technically and politically. She and Hoogervorst spoke at the AICPA National Conference on Current SEC and PCAOB Developments in Washington.

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