Accounting rulemakers are putting the finishing touches on a report that will update capital markets on their efforts to converge U.S. and international accounting standards.
The Financial Accounting Standards Board and the International Accounting Standards Board are expected to publish the first of what will become a series of quarterly reports to document their progress in making U.S. Generally Accepted Accounting Principles and International Financial Reporting Standards more consistent with one another. The two boards announced in November they would provide quarterly updates on their convergence progress given the implications on some important policy fronts.
