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Research Report
AYB200 - Financial Accounting
3 Found helpful • 9 Pages • Essays / Projects • Year: Pre-2021
You are employed at the Brisbane office of a mid-tier firm of chartered accountants. The senior partner has asked you to prepare a report for the partners’ annual retreat in April, providing an update on the latest developments in global financial reporting standard setting. This is of particular interest in the light of a recent statement by Russell G. Golden, Chairman of the US Financial Accounting Standards Board (FASB). In a conference held in New York City in September 2013, he remarked that after “a ten-plus-year period of intense, bilateral standard setting”, the era of bilateral convergence between the IASB and the FASB was drawing to a close
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