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QUESTION
Which of the following is not a likely step to furthering convergence of FASB and IFRS?
Which of the following is not a likely step to furthering convergence of FASB and IFRS?
Multiple Choice
- FASB and IASB issuing an identical standard.
- IASB adopting an existing FASB standard.
- FASB working with IASB to develop a new standard.
- FASB adopting an existing IASB Standard.
- Realizing that identical standards, rather than similar standards, is not realistic.
