FASB is meeting with IASB this month to discuss their joint project on Business Combinations: Applying the Acquisition Method. In particular, the Boards will be focusing on accounting for intangible assets; and per their most recent statement, they expect to issue the final Statements on business combinations and non-controlling interests by the second quarter, 2007. For comment letter summaries, copies of all exposure drafts, and related articles on the joint project, click here.
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