Tuesday, June 01, 2010

We not convinced by FASB's Fair Value reforms: ICAEW


"We do have some immediate concerns" - ICAEW

The UK’s largest accounting institute said it is not convinced both the US and international fair value proposals are compatible.

The US Financial Accounting Standards Board (FASB) this week released its package of accounting reforms for financial instruments, which is at odds with international rules.

See full Article.