Some FASB/IASB convergence programs delayed 'a few months'

BVWireIssue #103-3
April 20, 2011

June is the proposed deadline for convergence projects under the much-publicized Memorandum of Understanding between FASB and IASB.   Four of those projects have been delayed for a few more months, according to a joint release April 14th.   Those are the revenue recognition, leasing, financial instruments, and insurance projects.  BVWire continues to monitor these projects, and what seems to be intense lobbying efforts by every one in the accounting profession (most recently the Institute of Management Accountants), though the immediate impact on the business valuation profession may be minimal. 
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