Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

Get updates on Compliance Week offerings, including new features, databases, research, and other resources, along with announcements of upcoming Webcasts, conferences, seminars, CPE/CLE opportunities and more.

Published every Thursday, Compliance Week Europe offers a condensed summary of risk, audit, and compliance news either originating in Europe, or of special interest to European compliance professionals. This newsletter will follow developments by the European Commission, as well as those of national governments across the region, or any U.S.-based news that might have consequence across the Atlantic. Frequency: weekly; Thursday a.m.

A fresh edition of Compliance Week delivered via e-mail and online every Tuesday morning, relentlessly focused on the disclosure, reporting and compliance requirements of our 25,000+ paying subscribers.

Published every Friday, Compliance Weekend was launched at the behest of subscribers, and offers a quick Plain English review of the week's key developments. We hope you enjoy this supplement to Compliance Week's Tuesday edition.


Status message

Start your free, no obligation 10-day trial to continue exploring with full access.

IASB, FASB Spar Over Unified Accounting

Tammy Whitehouse | April 29, 2008

The Financial Accounting Standards Board and its international counterpart have set a mid-2011 target date to eliminate major differences between U.S. and global accounting standards, but they still face a minefield of complexities and disagreements on the path to convergence.

FASB and the International Accounting Standards Board met in London last week to firm up a strategy and a timeline for how to eliminate the myriad accounting differences that still obstruct a single, global accounting rulebook. The list is long and fraught with contentious issues—including how to answer global regulators’ and political leaders’ demands for accounting answers to the lingering credit crisis.

The boards did compare notes on how they plan to plug holes in accounting rules that contributed to the current turmoil in credit markets. But FASB Chairman Bob Herz made it clear that accounting rules alone are not to blame for the collapse of... To get the full story, subscribe now.